Wyden: "How many times and in how many different ways can the President stick it to working people?"
Senator Ron Wyden joined Senators Chuck Schumer (D-NY), Barack Obama (D-IL), and Evan Bayh (D-IN) in slamming the Bush administration and the IRS for failing to watchdog corporations that don't pay their taxes.
Cue Senator Wyden:
"How can the Bush Administration let corporations off the hook on paying their taxes, and force millions of law abiding citizens to pay more? Every dollar that's not collected by big companies means a heavier burden for the middle class or more debt for our children to pay. How many times and in how many different ways can the President stick it to working people?"
What's the story? According to the Indiana blog Hoosier Land, the Senators...
...called on the Internal Revenue Service to immediately reverse course and expand audits of major companies, in light of recent reports that the I.R.S. has been cutting corporate audits short. The gap between the amount of taxes businesses owe the I.R.S. and the amount actually paid is estimated to be $300 billion each year. By cutting short audits and failing to catch businesses that are not paying their taxes, the I.R.S. is letting billions slip through its fingers. ...