To help detect unreported income and narrow the gap between federal taxes collected and owed, the Biden administration has proposed expanding annual reporting requirements for banks and other financial institutions to include the total amounts of money flowing in and out of all business and personal accounts worth at least $600.
Person: john barrasso
Presidential Vetoes Rare in Unified Government
When presidents enjoy a unified government, meaning the same party controls the House, Senate and White House, they rarely veto legislation. But Republican Sen. John Barrasso left the misleading impression that it would be some sort of historic anomaly if President Joe Biden doesn’t veto a bill in this session.
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Barrasso’s Subsidy Speculation
Sen. John Barrasso engaged in wild speculation in claiming that lower-income subsidies will cost $900 billion a year under the federal health care law. He assumes that all employer-based insurance in the United States will disappear.
In an op-ed for Roll Call, the Wyoming Republican and orthopedic surgeon said that "incentives in the health care law will encourage businesses to drop insurance coverage," adding that those employees will join state-based exchanges, increasing the cost of subsidies:
Barrasso,