States seek their share of $10 billion in Super Bowl gambling
February 2, 2013, 10:49 AM ET
Why states shouldn't cash in on Super Bowl odds
By the half-time show of the 2013 Super Bowl game between the Baltimore Ravens and San Francisco 49ers, Americans will have gambled an estimated $10 billion on various aspects of the sports spectacle – from picking the winner to whether Alicia Keys will flub the words of the national anthem. New…
David Moerschel, a member of the Oath Keepers who was convicted of seditious conspiracy earlier this year, admitted that he made a mistake in deciding to join the militia to storm the United States Capitol on January 6th, 2021.
As reported by Politico's Kyle Cheney, Moerschel said during a sentencing hearing that he regrets getting mixed up with Kelly Meggs, the leader of the Florida Oath Keepers who was sentenced last month to more than a decade in jail after also being convicted on seditious conspiracy charges.
"I don't mean anything bad about Kelly Meggs, but he was a used car salesman," Moerschel told the court, according to Cheney. "It was dumb to follow that guy."
Cheney also notes that Moerschel was a neuroscientist by trade before he got himself involved in trying to block the peaceful transfer of power in the name of former President Donald Trump, who prior to getting involved in politics was the host of "Celebrity Apprentice."
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According to independent journalist Brandi Buchman, Moerschel attorney Scott Weinberg told the court that his client's career as a neuroscientist is over in the wake of his conviction.
"David lost a lot," Weinberg argued. "His degrees are no longer worth the paper they were printed on."
A preliminary analysis from the Congressional Budget Office released Thursday estimates that the $21.4 billion in IRS funding cuts that Republicans and the Biden White House agreed to enact as part of their debt ceiling agreement would result in $40.4 billion in lost tax revenue—adding to the federal budget deficit.
The CBO provided its estimate to Sen. Sheldon Whitehouse (D-R.I.), who said in a statement that "after holding our entire economy hostage and threatening to trigger a global financial meltdown, Republicans protected wealthy tax cheats and creepy billionaires."
"Republicans' fealty to their megadonors is on full display, as is the hypocrisy of forcing cuts to the IRS that add $19 billion to the deficit," said Whitehouse, the chair of the Senate Budget Committee. "By contrast, President Biden's budget would have cracked down on wealthy tax cheats while making pro-growth investments in workers, families, and small business—and reduced the deficit by $3 trillion."
"There's a sharp contrast there," the senator added, "and the best explanation is Republican fealty to their dark-money megadonors."
The debt ceiling legislation that is now headed to President Joe Biden's desk after the Senate passed it late Thursday includes $1.4 billion in cuts to IRS funding that was aimed at providing the agency with the resources to pursue rich tax evaders, who cost the federal government tens of billions of dollars in revenue each year.
By itself, the $1.4 billion IRS cut would add $900 million to the deficit over a 10-year period, according to a separate CBO analysis released earlier this week.
But the White House and Republican leaders also reached a tentative side deal to cut $20 billion more from the chronically funding-starved agency over the next two fiscal years and use the money to prevent cuts to other federal spending programs.
"In a fight they claimed was about shrinking the debt, they decided to prioritize rolling back IRS enforcement funding in a move that will actually increase the debt by billions."
Having secured an agreement to slash IRS funding, House Republicans are reportedly planning to introduce a massive tax-cut package later this month that includes provisions the CBO says would add roughly $3.5 trillion to the deficit over the next decade.
"House Republicans have proven once again that there is nothing they care about more than making sure the ultra-rich can avoid paying taxes," Morris Pearl, chair of the Patriotic Millionaires, said in a statement Wednesday. "In a fight they claimed was about shrinking the debt, they decided to prioritize rolling back IRS enforcement funding in a move that will actually increase the debt by billions. They have gone to bat to protect wealthy tax cheats, and won."
The $20 billion in IRS cuts—a quarter of the $80 billion funding boost the agency received under the Inflation Reduction Act (IRA)—aren't a sure thing.
As The American Prospect's David Dayen explains, the debt ceiling legislation headed for President Joe Biden's desk "only creates topline numbers, baselines for future budget appropriations that have yet to be written."
If the spending bills don't pass by January 1, 2024, Dayen notes, "the IRS fund transfer, which is not in the deal and is just presumed as part of the appropriation, would not happen."
Jon Whiten, communications director for the Institute on Taxation and Economic Policy, wrote in a blog post on Thursday that the funding "is critical to allowing the IRS to do one of its most important jobs: crack down on tax cheating by the extremely wealthy and by big corporations."
"The IRS has had a hard time doing this lately because its enforcement budget was cut by about a fourth between 2010 and 2021," Whiten noted. "This led to 40% fewer revenue agents—the auditors uniquely qualified to examine the returns of high-income individuals and corporations."
"Ironically, for Republican leaders who have spent months clamoring about the deficit," Whiten continued, "these cuts to the IRS will increase the deficit by reducing the revenue the agency is able to collect from those who owe," Whiten continued.
"Perhaps it's less ironic and more on-brand," he added, "given that these same Republican leaders want to quickly pivot to pushing through more big tax cuts that will disproportionately reward wealthy families and corporations."
Former Vice President Mike Pence will not face any charges in regards to the classified documents found at this home, CNN reported.
The Department of Justice's closing of its investigation comes just before Pence's planned announcement next week that he's running for president in 2024.
In January, Pence’s attorney found about a dozen classified documents in the former vice president's Indiana home after a search that was prompted by the disclosure of classified documents in Joe Biden’s possession in Delaware. Pence turned over the documents to the FBI following after they were discovered.
Former President Donald Trump is currently being investigated by the Justice Department for classified documents that were found at this Mar-a-Lago resort in Palm Beach, with many analysts convinced charges are imminent.
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