Tag: Treasury Secretary Janet Yellen

Airlines Launch Effort Backing Green Jet Fuel Tax Credit that Could Raise Food Prices for Americans

South Carolina Sun Staff
Plane at gate

A coalition of major airlines has formed a group supporting a tax credit pushed by President Joe Biden that experts say could jack up food prices.

More than 40 companies, including Boeing, American Airlines, JetBlue and United as well as ethanol trade groups, are pushing the federal government to “expand” existing tax credits for “sustainable aviation fuel” (SAF) and to pass legislation to increase the fuel’s availability, Axios reported. Corn-based ethanol is a common component in SAF and experts previously told the Daily Caller News Foundation that increasing the demand for corn by incentivizing its use in jet fuel could indirectly raise food costs for Americans.

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State Financial Officers Urge Treasury to Terminate Internal Revenue Service’s ‘Direct File’ Program

Just the News

A group of 21 state financial officers on Monday urged the Department of the Treasury to terminate the IRS’s Direct File pilot program, contending that its shortcomings were likely to lead to problems for filers, cause needless confusion, and result in lost state revenues.

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Congress Probing Whether IRS Plyng AI to Invade Americans’ Financial Privacy

Just the News
Jim Jordan and Harriet Hageman

The House Judiciary Committee has opened an inquiry to whether the IRS is using artificial intelligence to invade Americans’ financial privacy after an agency employee was captured in an undercover tape suggesting there was a widespread surveillance operation underway that might not be constitutional.

Committee Chairman Jim Jordan, R-Ohio, and Rep. Harriet Hageman, R-Wyo., sent a letter last week to Treasury Secretary Janet Yellen demanding documents, and answers as to how the agency is currently employing artificial intelligence to comb through bank records to look for possible tax cheats. 

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