IRS lags on identity theft

June 26, 2024

Business and Economics

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Supreme Court takes wealth tax fight to Congress

The Supreme Court last week left the issue of wealth taxes up to Congress in its decision in Moore v. United States, a case that involved trillions of dollars in government revenue and far-reaching areas of federal law and precedent.

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Nationwide monthly rents continued to rise in June: report

According to Zumper’s National Rent Report, housing costs in the U.S. have risen again.

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Lobbying Line

The latest developments in Washington’s biggest lobbying battle:

Leading the lobbying world this week: Film Association The company has hired a longtime FBI official as its new head of content protection.
Senator Tim ScottAdam Faris, former chief of staff at R.S.C. Toyota Faris joins Motor North America as director of international trade and supply chain in the automaker’s Washington, D.C. office. Faris previously served as deputy undersecretary for Senate affairs at the State Department.
General Motors The company has appointed Grant Dixton as executive vice president and chief legal and public policy officer. Dixton previously served as Activision Blizzard and, Boeing Alum.

Ticker

Upcoming news topics and events to watch:

The Bureau of Economic Analysis Personal Consumption Expenditures (PCE) Price indexes in the spotlight Inflation Gauge The Fed will release the rate at 8:30 a.m. ET on Friday.

In other news

Here’s a more detailed account of what happened that day:

Amazon hits $2 trillion market cap, joining an exclusive club

NEW YORK (AP) — Amazon joined the $2 trillion market capitalization club on Wednesday, buoyed by Wall Street investors.

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Good to know

Other business and economic news highlights from other media:

Volkswagen’s Rivian deal: VW shares fall on cost concerns; Rivian Takes Leap (Reuters)
U.S. New Home Sales It fell unexpectedly Last month (CNN)
Cryptocurrency industry super PAC 33-2 In the primary elections, $100 million (CNBC)

What others are reading

Top stories on The Hill right now:

Justice Alito slams White House in social media case dissent

Justice Samuel Alito blasted the White House in a Supreme Court dissent on Wednesday, accusing the Biden administration of leading a “campaign to coerce Facebook” as it sought to curb COVID-19 misinformation on social media. read more

Coffee recalled nationwide due to fears of deadly food poisoning

According to the U.S. Food and Drug Administration (FDA), approximately 300 varieties of canned coffee sold nationwide are being recalled due to concerns about botulism. read more

What people think

Opinions on business and economic issues submitted to The Hill:

Our never-ending system of taxing and spending is not built to last.
Dismantling a global system that allows the wealthy to hide their wealth

All caught up. See you tomorrow!

Tags: Identity, IRS, lags, theft

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IRS lags on identity theft

Business and Economics

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