Biden Can Stop Sinister Trump Plan with One Phone Call -- Will He?
The Biden White House was unaware of this Trump tax favor—disguised as a crackdown on wealthy tax cheaters—when DCReport asked about it on Friday.
That’s not
surprising because the IRS remains under the control of Charles Rettig, a
holdover from the Trump era. Before Trump named him IRS commissioner, Rettig
was a Beverly Hills tax lawyer who helped the super-wealthy escape taxes and—if
they got caught cheating—negotiated secret settlements that avoided public
humiliation while minimizing taxes and penalties.
If Biden lets
this Trump policy take effect it would be a huge benefit to clients of Rettig’s
old law firm and others like it. And it would make an already unfair tax system
even more heavily tilted in favor of billionaires all through a clever excuse
for hiring less capable auditors.