Bush hikes budget for IRS audits

WorldNetDaily.com ^ | Wednesday, February 5, 2003

[JohnHuang2]

WASHINGTON – President Bush's $11.4 billion Treasury Department budget includes $133 million for the Internal Revenue Service to crack down on "abusive tax schemes and tax shelters" allegedly used by high-income individuals and businesse to avoid paying federal taxes.

The Treasury Department's budget reflects a 3.5 percent increase over last year.

The biggest chunk of that budget – about $10.4 billion – goes to the IRS. It includes $429 million in a computer overhaul program that has been going on for years.

The IRS expects to conducts more audits.

The Financial Crimes Enforcement Network, known as FinCEN would receive $57.6 million – up nearly 14 percent from the president's 2003 request – to help the government sever terrorists from their sources of financing and to combat money laundering, the Treasury Department reports. The money would be used to help carry out – and expand if necessary – provisions of the 2001 Patriot Act, a sweeping anti-money laundering law.

[JohnHuang2]

Wednesday, February 5, 2003

Quote of the Day by EternalVigilance

[ImphClinton]

Hopefully they will concentrate on Jesse Jackson and other Liberals who have gotten a pass during the last decade.

[JohnHuang2]

Bump!

[ImphClinton]

I have your page bookmarked and never miss a 2 cents worth.

Many thanks for your insignt.

[JohnHuang2]

Thank you very much, friend.

[ImphClinton]

Have a good morning.

[JohnHuang2]

You, too, friend.

[David Isaac]

WASHINGTON – President Bush's $11.4 billion Treasury Department budget includes $133 million for the Internal Revenue Service to crack down on "abusive tax schemes and tax shelters" allegedly used by high-income individuals and businesse to avoid paying federal taxes.

These "abusive tax schemes and tax shelters" were legislated into existence or possibly came about through bureaucratic fiat (more than likely at the behest of the beneficiaries) and can be eliminated through the same process, without spending a ton of our money.

If thine tax-law offends thee, pluck it out.

[RJCogburn]

Hopefully they will concentrate on Jesse Jackson and other Liberals who have gotten a pass during the last decade.

No, more likely they will concentrate on you and me.

[Free the USA]

http://www.freerepublic.com/perl/bump-list