So far this year, the federal government brought in more money than ever, but even at record tax receipts, the government is far outspending its intake.
During these first 11 months of fiscal year 2014, the feds brought in $2.66 trillion in tax receipts. Despite this, the federal government is still running a $598 billion deficit, according to the latest Monthly Treasury Statement…(more)
The documents show Lerner’s efforts to persuade Treasury auditors that there was no institutional bias at the IRS, the agency’s attempts to head off a damaging investigation with a pre-emptive apology, and Lerner’s pep talk to her staff after the apology.
WASHINGTON — Gregory Korte reports: The day that former Internal Revenue Service official Lois Lerner publicly apologized for using “inappropriate criteria” to delay tax exemptions for Tea Party groups, she told her colleagues that they were being “beaten up by the press for all the wrong reasons.”
It was only going to get worse, she told them in an e-mail, and there was no way around it other than to “ride it through.”
Then she left for a week’s vacation in Canada.
That e-mail comes in 1,706 pages of newly released documents that shed light on the damage control happening at the IRS — and at the watchdog agency investigating it — as the scandal blew up last year. Read the rest of this entry »