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DOGE Discovers $4.7 Trillion of Treasury Payments ‘Almost Impossible’ to Trace

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The Treasury Department sent $4.7 trillion dollars of payments without an identification code that links a Treasury payment to a budget line item, DOGE announced Monday, making the payments “almost impossible” to trace.

DOGE said the identification payment code, called TAS for Treasury Access Symbol, is now required — as of Saturday — to increase the “insight into where money is actually going.”

“Thanks to @USTreasury for the great work,” DOGE posted on X:

. . .

“Major improvement in Treasury payment integrity going live!” Elon Musk posted on X. “This was a combined effort of @DOGE, @USTreasury and @FederalReserve. Nice work by all.” (Read more from “DOGE Discovers $4.7 Trillion of Treasury Payments ‘Almost Impossible’ to Trace” HERE)

Photo credit: Flickr

Treasury Official Set to Testify on Biden Family’s ‘Suspicious’ Wire Transfers Previously Worked for Joe Biden

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Treasury Department official Jonathan Davidson, who is set to testify this week about the agency withholding the Biden family’s “suspicious” bank records, worked as the Biden-Harris Transition’s Economic Nominations Confirmation team lead in 2020 and was nominated to the position at the Treasury by President Joe Biden, raising questions of whether his testimony will be tainted with political bias.

On Friday, Davidson is scheduled to appear before the House Oversight Chair James Comer (R-KY) and answer questions about why the Treasury has refused to provide the committee with James and Hunter Biden’s 150 suspicious activity reports (SARs) generated by U.S. banks. SARs often contain evidence of potential criminal activities, such as money laundering and fraud. The disclosure would greatly help Comer investigate the Biden family, along with Eric Schwerin, for nine violations, including wire fraud and money laundering.

Considering Davidson will be asked to speak to the Biden family’s SARs after working for Joe Biden, his partisan work history raises questions of whether his scheduled testimony will be tainted with political bias.

Davidson has been a well-connected, partisan political operative for decades. In 2020, he worked for Biden’s transition team as the team lead of economic nominations confirmation. He was then nominated by Joe Biden and confirmed in November 2021 by the Senate as assistant secretary for legislative affairs at the Treasury. (Read more from “Treasury Official Set to Testify on Biden Family’s ‘Suspicious’ Wire Transfers Previously Worked for Joe Biden” HERE)

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WH Predicts: Tax Revenues Will Cross $3T Mark For First Time in U.S. History in FY ’14– $29,673 Per Full-Time Worker

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Photo Credit: AP Photo/Charles DharapakThe latest Monthly Treasury Statement, which was released on Wednesday afternoon, relies on the estimate made by the White House Office of Management and Budget to say that federal tax revenues will top $3 trillion for the first time in the nation’s history in fiscal 2014.

In fact, the record $3,023,004,000,000 in tax revenues that the White House is predicting the federal government will rake in during fiscal 2014 not only exceeds the inflation-adjusted revenue taken in by the government in any previous year, it also equals $29,673 in tax revenue for every full-time worker in the country.

It is also equals $9,534 for every man, woman and child currently living in the country.

Until now, the record-setting year for inflation-adjusted federal tax revenues was fiscal 2007. In that year, the federal government brought in $2,899,644,380,000 in constant 2013 dollars.

If the White House is correct that total federal tax receipts will hit $3,023,004,000,000 in fiscal 2014, that would represent an increase of $123,359,620,000 in constant 2013 dollars over fiscal 2007’s record tax haul of $2,899,644,380,000. Real tax revenues this year, according to the White House estimate, will be 4.25 percent higher than they have ever been.

Read more from this story HERE.

Darrell Issa Subpoenas Treasury for More Docs on IRS Targeting (+video)

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Photo Credit: Graem JenningsAfter a tense exchange with Acting IRS Commissioner Danny Werfel Friday, House Oversight and Government Reform Committee Chairman Darrell Issa sent a subpoena to the Treasury Department Friday demanding more documents and accusing the agency’s chief counsel’s office of being “compromised.”

Issa, R-Calif., accused the Internal Revenue Service of dragging its feet in responding to the committee’s demand for documents related to IRS targeting of conservative groups — a charge Werfel denied.

During an Oversight subcommittee hearing, an agitated Issa said the IRS is “slow-rolling us.”

“That’s not true,” Werfel countered.

But Issa persisted, saying he would go over Werfel’s head and ask his boss, Treasury Secretary Jack Lew, to respond to his requests.

“I’ve asked you for information; you’re not forthcoming,” Issa told Werfel. “The office of chief counsel, a politically appointed office, has been compromised.”

Read more from this story HERE.

Former GOP Senate Candidate Christine O’Donnell’s Tax Records Breached in 2010

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Photo Credit: Washington TimesMore than two years after her upstart Senate campaign rocked the Delaware political world, Christine O’Donnell got an unexpected contact from a U.S. Treasury Department agent warning that her private tax records may have been breached.

The phone message earlier this year shocked the battled-scarred candidate, a tea party favorite who knocked off Republican mainstay Michael Castle in the primary before losing in a bid to win Vice President Joseph R. Biden’s former seat.

“Ms. O’Donnell, this is Dennis Martel, special agent with the U.S. Department of Treasury in Baltimore, Md. … We received information that your personal federal tax info may have been compromised and may have been misused by an individual,” he said in the January message left on her cellphone.

For Ms. O’Donnell, the message immediately raised red flags.

On March 9, 2010, the day she revealed her plan to run for the Senate in a press release, a tax lien was placed on a house purported to be hers and publicized. The problem was she no longer owned the house. The IRS eventually blamed the lien on a computer glitch and withdrew it.

Read more from this story HERE.

Feds Admit that IRS Targeted Political Candidates for Audit

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Photo Credit: Evan VucciThe Treasury Department has admitted for the first time that confidential tax records of several political candidates and campaign donors were improperly scrutinized by government officials, but the Justice Department has declined to prosecute any of the cases.

Its investigators also are probing two allegations that the Internal Revenue Service “targeted for audit candidates for public office,” the Treasury’s inspector general for tax administration, J. Russell George, has privately told Sen. Chuck Grassley.

In a written response to a request by Mr. Grassley, the ranking Republican on the Judiciary Committee, Mr. George said a review turned up four cases since 2006 in which unidentified government officials took part in “unauthorized access or disclosure of tax records of political donors or candidates,” including one case he described as “willful.” In four additional cases, Mr. George said, allegations of improper access of IRS records were not substantiated by the evidence.

Mr. Grassley has asked Attorney General Eric H. Holder Jr. to explain why the Justice Department chose not to prosecute any of the cases. The Iowa Republican told The Washington Times that the IRS “is required to act with neutrality and professionalism, not political bias.”

The investigation did not name the government officials who obtained the IRS records improperly, nor did it reveal the identities or political parties of the people whose tax records were compromised. By law, taxpayer records at the IRS are supposed to be confidential.

Read more from this story HERE.

Yes, the Obama Administration’s Actions Amount to Tyranny

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What the Obama Administration has done with the IRS is nothing short of tyranny.

Let’s begin by stating the obvious. If government were a business, and subject to economic realities and the consequences of its ignoring them, it would have been liquidated long ago — its remaining assets of value would have been reclaimed by its creditors and shareholders (both of which are the American taxpayer), and its market share of consumers (also the American taxpayer, and those they are gracious enough to financially support) would be sought by other, more efficient businesses.

But let’s pretend for a moment that it is a business. And let’s pretend that this business had engaged not only in unethical practices, but illegal practices, completely betraying the trust of its shareholders and customers and and disavowing the very foundational principles upon which its business is predicated.

The IRS, an agency under the control of this government that Obama assures youngsters is no threat to liberty whatsoever, has done exactly that. They have apologized for selectively harassing, excessively scrutinizing, and denying benefits to conservative groups these last years.

Of particular note, the Treasury Department’s inspector general J. Russell George disclosed on Friday that the Obama administration officials were well aware of his auditing the IRS for its political screening policies in June 2012. Convenient as the IRS’s targeting of Democrats’ enemies was, the Obama administration chose not to reveal any of this knowledge to the public in the 2012 election year, yet it now feigns shock and indignation at the prospect that the IRS could have acted irresponsibly and illegally…

Obama is reasonably implicated in this crime, and this crime is nothing short of tyranny.

Read more from this story HERE.

DOE Awarding More Than $1.2 Billion in Energy Subsidies Despite Sequester

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Photo Credit: janie.hernandez55

More than $1.2 billion in cash payments has been awarded to renewable energy projects by the Department of Energy and the Treasury Department since the beginning of the year, with the majority of them going to solar electricity.

While other agencies grapple with furloughs and service cuts, the DOE continues to hand out 30 percent of the cost basis for renewable projects under its 1603 program, part of the 2009 American Recovery and Reinvestment Act. Between January 1 and February 14,$1,254,769,726 was awarded to 435 renewable energy projects, 381 of which were to solar, according to the Heritage Foundation.

The 1603 program had awarded more than $9.2 billion to 748 wind projects and $2.7 billion to more than 44,000 solar projects through July 2012, according to a separate Heritage report.

The program won’t escape the sequester completely unscathed. Projects awarded between March 1 and September 30 will be reduced by 8.7 percent.

But the DOE is pressing ahead with awards to green technology. The department also announced last month it will award $150 million left over from a separate stimulus program, 48C manufacture tax credits.

Read more from this story HERE.

Senate Passes Bill to Suspend Debt Ceiling

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Photo Credit: cliff1066â„¢The Senate on Thursday approved legislation that prevents the U.S. from hitting its debt limit until May 19, sending the legislation to President Obama.

In a 64-34 vote, the Senate gave its blessing to a House bill that suspends the debt ceiling until May 19, when the Treasury Department will need to use “extraordinary measures” to keep paying the nation’s bills.

Republican Sens. Kelly Ayotte (N.H.), Roy Blunt (Mo.), Thad Cochran (Miss.), Susan Collins (Maine), Lindsey Graham (S.C.), Dean Heller (Nev.), John Hoeven (N.D.), Lisa Murkowski (Alaska), Richard Shelby (Ala.), John Thune (S.D.) and Roger Wicker (Miss.) voted with the Democratic caucus to pass the legislation. Two Democrats — Sens. John Kerry (Mass.) and Patty Murray (Wash.) — missed the vote.

The bill allows Treasury to borrow what ever sum is necessary to keep the U.S. from going over the debt ceiling until May 19. Unless Congress acts again, Treasury on that date will add what ever it has spent to the nation’s current $16.4 trillion ceiling.

Read more on this story HERE.

Sen. Vitter Alleges Obama Administration Hiding Internal Discussions on Carbon Tax

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photo credit: miiler_centerSen. David Vitter (R-La.) accused the Obama administration on Tuesday of shielding possible discussions on a carbon tax from the public.

Vitter, a top Republican on the Senate Committee on the Environment and Public Works, sent a letter to Treasury Secretary Timothy Geithner alleging the administration is hammering out details for a carbon tax proposal.

Vitter questioned Treasury’s denial of a Freedom of Information Act request from the conservative Competitive Enterprise Institute think tank. The think tank sued Treasury last week for not releasing emails from the agency’s Office of Energy and Environment that contained the word “carbon.”

“A plan to tax carbon would inevitably be a tax on the public, so, by definition, every responsive record would on its face significantly inform the public,” Vitter wrote.

A Treasury official told The Hill that the agency had not received Vitter’s letter.

Read more from this story HERE.