Monday January 23, 2023 – U.S. Treasury Secretary Janet Yellen told Reuters “I’m excited about legislation that’s passed and I want to make sure that it makes the difference it should make, and that includes the IRS,” she said. “That agency needs to be completely redone, and it’s a big task.”
She also shot down the idea of minting a $1 Trillion Dollar coin to avoid negotiating the debt limit with Congress as a “gimmick.”
Yellen is looking to find ways to spend the $80 Billion Dollar boondoggle, and Congress is trying to find ways to eliminate it. Let’s hope Congress finally does something right.
Attorney Steven A. Leahy looks at both sides on Today’s Tax Talk.