On July 22, 1998, President Bill Clinton signed into law a reorganization of the Internal Revenue Service designed to “give the American people an IRS that reflects America’s values and respects America’s taxpayers.”
Mexican and Canadian stocks are returning the least in 14 years versus the Standard & Poor’s 500 Index, a break from a history of matching or beating the benchmark gauge since the countries formed a free-trade agreement in 1994.
The almost daily disclosures by the White House about who knew about an IRS investigation before it became public has helped stoke the furor over the agency’s scrutiny of tax-exempt groups and given the president’s harshest critics an opening.
Linda Poole can’t restrain herself when it comes to the most-polarizing topic in Montana: the reintroduction of purebred bison. As Poole sees it, the bison aren’t a cause. They’re cuddly fundraising mascots helping the American Prairie Reserve to raise money to advance its mission of land accumulation under the auspices of species preservation.
Former Goldman Sachs Group Inc. director Rajat Gupta asked a federal appeals court to overturn his insider-trading conviction, with his lawyer arguing that prosecutors shouldn’t have been allowed at his jury trial to use secretly wiretapped calls in which he wasn’t a participant.
Whether the Internal Revenue Service controversy explodes into something bigger comes down to this: Did anyone in the Obama administration know before the Nov. 6 election that the agency singled out Tea Party groups for extra screening?
During President Barack Obama’s May 16 news conference, reporter Jeff Mason asked as part of his question: “And, more broadly, how do you feel about comparisons by some of your critics of this week’s scandals to those that happened under the Nixon administration?” The president responded, “I’ll let you guys engage in those comparisons, and you can go ahead and read the history, I think, and draw your own conclusions.”