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IRS Under Intense Scrutiny

IRS Under Intense Scrutiny IRS Under Intense Scrutiny

On Monday, President Barack Obama referred to the alleged targeting of conservative political groups by the Internal Revenue Service “outrageous” and said if allegations are true, those responsible would be held “fully accountable”. Spokesman for Obama on Friday said the IRS’s conduct was inappropriate. During a White House news conference Monday with U.K. Prime Minister David Cameron, President Obama said: “If you’ve got the IRS operating in anything other than a neutral and nonpartisan way, that’s outrageous.”

Lois Lerner, unit chief of the IRS unit that oversees tax-exempt groups said on Friday that organizations with the words “tea party” or “patriot” in their applications, were singled out for extra reviews. Lerner apologized during a speech at a conference in Washington.
Head of the Senate Finance Committee, Montana Democratic Senator Max Baucus said Monday, the Internal Revenue Service should prepare for a "full investigation" and called the revelation that the IRS targeted tea-party groups for probes of their tax-exempt status an "outrageous abuse of power and a breach of the public's trust." Baucus said, "I want to review the Inspector General's report first, but the IRS should be prepared for a full investigation into this matter by the Senate Finance Committee. The IRS will now be the ones put under additional scrutiny."

Senate Republican Leader Mitch McConnell as well as other Republicans, request a full probe of the IRS. Michigan Republican Representative Dave Camp who heads the tax-writing Ways and Means Committee along with Democratic Representative Sander Levin of Michigan, said Monday afternoon that the Committee would hold a hearing on Friday. Steve Miller, the IRS’s acting commissioner, is on the list as a witness. McConnell said a government-wide review should be conducted - “aimed at assuring the American people that these thuggish practices are not underway at the IRS or elsewhere in the administration against anyone, regardless of their political views.”

White House press secretary Jay Carney acknowledged Monday that the White House was informed in April that the Treasury Department's Inspector General was investigating the IRS's Cincinnati field office, which is accused of targeting conservative political groups for extra scrutiny. "My understanding is that the White House Counsel’s Office was alerted in the week of April 22 of this year, only about the fact that the IG was finishing a review about matters involving the office in Cincinnati," Carney told reporters aboard Air Force One. "But that’s all they were informed as a normal sort of heads up. And we have never — we don’t have access to, nor should we, the IG’s report or any draft versions of it."

Reportedly, the Senate Permanent Subcommittee on Investigations had tentatively scheduled a hearing in June pertaining to their examination of the IRS as to whether the IRS sufficiently regulated tax-exempt groups that are playing a bigger role in politics.
 
In a joint statement, members of the SPSI including Democratic Senator Carl Levin from Michigan and Republican Senator John McCain from Arizona said, "After Friday's announcement that the IRS, to the extent that it has been enforcing the law, may have done so in a way that singled out some groups for special scrutiny, we have determined that the subcommittee should investigate that additional issue."


U.S. Commerce Department reported on Monday that sales at U.S. retailers rose a seasonally adjusted 0.1% in April. The reading is a sign that consumer spending may not have softened as much as expected. Retail spending climbed 0.6%, when excluding gasoline sales. An increase in spending was seen on clothing and electronics, among other things. Declines were seen in spending on personal-care stores, groceries and liquor. Sales at gas stations sank 4.7% to strike the biggest decline in more than five years.

U.S. Commerce Department reported on Monday that business inventories remained flat during March, at a seasonally adjusted $1.64 trillion.


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May 13, 2013


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