Business
Beefier IRS gets endorsements as funding hangs in the balance on August 17, 2023 at 9:00 am Business News | The Hill

Support is coming in for a bigger and stronger IRS souped up by Democrats, even as Republican suspicion toward the agency threatens to undercut its overhaul.
Lawyers with the American Bar Association (ABA) and government workers with the Treasury Department union have given a thumbs up to the renovation, made possible with an initial funding boost of $80 billion in Democrats’ Inflation Reduction Act passed one year ago.
“The ABA appreciates the efforts of Congress and the President in securing significantly increased funding for the [IRS] over the next 10 years in the Inflation Reduction Act,” C. Wells Hall, the chair of the ABA’s tax division, wrote in a letter to top appropriators at the end of last month.
National Treasury Employees Union (NTEU) president Doreen Greenwald said the new funding will help reduce the national deficit by going after what the government is owed in tax revenue but doesn’t collect.
U.S. debt levels are now at 120 percent of annual gross domestic product and were a factor in a controversial downgrade in U.S. creditworthiness earlier this month by ratings agency Fitch.
“NTEU urges Congress not to lose this momentum by maintaining the annual appropriations the agency needs for regular operations, in addition to the [Inflation Reduction Act] investments that target customer service, modernized technology and improved enforcement,” Greenwald said in a statement on Tuesday.
Fitch Ratings said it’s not expecting any major deficit reduction to happen ahead of the 2024 election, although the U.S. debt-to-GDP (gross domestic product) ratio has been declining since it peaked in 2020 as a result of big pandemic-related spending packages.
A renovation on shifting sands
While the funding boost is resulting in systems modernization and thousands of new hires at the IRS along with enthusiasm within the ranks of the agency, its future is uncertain amid strong Republican opposition.
Upon retaking the House in January, Republicans immediately voted to rescind the funds in a bill that had no chance of making it through the Senate.
Then in May as part of a vague, unwritten agreement to raise the national debt ceiling, the GOP and Democratis agreed to take away about $20 billion from the agency in annual appropriations, effectively reducing the initial $80 billion by a quarter.
Similar wheeling and dealing could happen ahead of a September 30 deadline to fund the government, out of which a continuing resolution is likely to emerge, keeping agencies running through December.
Then the threat of across-the-board spending cuts that are dreaded by both parties and are built into the debt ceiling deal is likely to force another fiscal cliff showdown around the winter holidays.
“I hope that my Republican colleagues on the House Appropriations Committee will work with Democrats to ensure the IRS has the resources they need to effectively carry out their responsibilities and serve the American taxpayers,” Democratic House appropriator Steny Hoyer told The Hill.
Entrenched Republican opposition
But Republican ire over the IRS overhaul runs deep. Republicans say the IRS’ plan for spending the money is insufficient.
“If this is a ‘plan,’ why does it omit how many employees the agency seeks to hire over ten years, fail to identify target audit rates for taxpayers, and lack specific details about how the money will be spent beyond the next two years?” Ways and Means Committee Chairman Jason Smith (R-Mo.) said in April.
“Congress must exercise robust and aggressive oversight,” Senate Finance Committee member Chuck Grassley (R-Iowa) said in regard to the new funding at the end of last year.
The endorsements for the IRS’s funding boost recognize this opposition and the negotiations that lie ahead.
“We appreciate the budgetary challenges facing the Congress,” the ABA’s C. Wells Hall wrote to Sens. Chris van Hollen (D-Md.) and Bill Hagerty (R-Tenn.) and Reps. Steny Hoyer and Steve Womack (R-Ark.)
Will lawyers play along?
But the extent to which the legal world actually cooperates with the new direction from the IRS could be a significant factor in whether its drive to go after wealthy tax cheats and collect more in owed revenue is actually successful.
Custom-built tax dodges that navigate esoteric paths through the vast U.S. tax code and are further obscured in a forest of international tax havens are often the specific product sold by law and accounting firms to their rich clients.
They can be augmented by exploiting bureaucratic processes, such as running out the clock on deadlines until cases get forgotten about or delayed indefinitely.
U.K.-based organization Tax Justice Network estimates that $5 trillion will be lost globally over the next decade to multinational corporations and wealthy individuals using tax havens.
“[Large business and international] taxpayers are going to have a busy time in a couple of years. [High net worth] families are also in their sights,” Rob Kovacev of the law firm Miller and Chevalier said in a statement sent to The Hill earlier this year.
Business, Domestic Taxes Support is coming in for a bigger and stronger IRS souped up by Democrats, even as Republican suspicion toward the agency threatens to undercut its overhaul. Lawyers with the American Bar Association (ABA) and government workers with the Treasury Department union have given a thumbs up to the renovation, made possible with an initial funding…
Business
Why 9 Million Americans Have Left

The Growing American Exodus
Nearly 9 million Americans now live outside the United States—a number that rivals the population of several states and signals a profound shift in how people view the American dream. This mass migration isn’t confined to retirees or the wealthy. Thanks to remote work, digital nomad visas, and mounting pressures at home, young professionals, families, and business owners are increasingly joining the ranks of expats.

Rising Costs and Shrinking Wallets
Living in the US has become increasingly expensive. Weekly grocery bills topping $300 are not uncommon, and everyday items like coffee and beef have surged in price over the last year. Rent, utilities, and other essentials also continue to climb, leaving many Americans to cut meals or put off purchases just to make ends meet. In contrast, life in countries like Mexico or Costa Rica often costs just 50–60% of what it does in the US—without sacrificing comfort or quality.
Health Care Concerns Drive Migration
America’s health care system is a major trigger for relocation. Despite the fact that the US spends more per person on health care than any other country, millions struggle to access affordable treatment. Over half of Americans admit to delaying medical care due to cost, with households earning below $40,000 seeing this rate jump to 63%. Many expats point to countries such as Spain or Thailand, where health care is both affordable and accessible, as a major draw.

Seeking Safety Abroad
Public safety issues—especially violent crime and gun-related incidents—have made many Americans feel unsafe, even in their own communities. The 2024 Global Peace Index documents a decline in North America’s safety ratings, while families in major cities often prioritize teaching their children to avoid gun violence over simple street safety. In many overseas destinations, newly arrived American families report a significant improvement in their sense of security and peace of mind.
Tax Burdens and Bureaucracy
US tax laws extend abroad, requiring expats to file annual returns and comply with complicated rules through acts such as FATCA. For some, the burden of global tax compliance is so great that thousands relinquish their US citizenship each year simply to escape the paperwork and scrutiny.
The Digital Nomad Revolution
Remote work has unlocked new pathways for Americans. Over a quarter of all paid workdays in the US are now fully remote, and more than 40 countries offer digital nomad visas for foreign professionals. Many Americans are leveraging this opportunity to maintain their US incomes while cutting costs and upgrading their quality of life abroad.

Conclusion: Redefining the Dream
The mass departure of nearly 9 million Americans reveals deep cracks in what was once considered the land of opportunity. Escalating costs, inaccessible healthcare, safety concerns, and relentless bureaucracy have spurred a global search for better options. For millions, the modern American dream is no longer tied to a white-picket fence, but found in newfound freedom beyond America’s borders.
Business
Will Theaters Crush Streaming in Hollywood’s Next Act?

Hollywood is bracing for a pivotal comeback, and for movie lovers, it’s the kind of shake-up that could redefine the very culture of cinema. With the freshly merged Paramount-Skydance shaking up its strategy, CEO David Ellison’s announcement doesn’t just signal a change—it reignites the passion for moviegoing that built the magic of Hollywood in the first place.

Theatrical Experience Roars Back
Fans and insiders alike have felt the itch for more event movies. For years, streaming promised endless options, but fragmented attention left many longing for communal spectacle. Now, with Paramount-Skydance tripling its film output for the big screen, it’s clear: studio leaders believe there’s no substitute for the lights, the hush before the opening credits, and the collective thrill of reacting to Hollywood’s latest blockbusters. Ellison’s pivot away from streaming exclusives taps deep into what unites cinephiles—the lived experience of cinema as art and event, not just content.
Industry Pulse: From Crisis to Renaissance
On the financial front, the numbers are as electrifying as any plot twist. After years of doubt, the box office is roaring. AMC, the world’s largest theater chain, reports a staggering 26% spike in moviegoer attendance and 36% revenue growth in Q2 2025. That kind of momentum hasn’t been seen since the heyday of summer tentpoles—and it’s not just about more tickets sold. AMC’s strategy—premium screens, with IMAX and Dolby Cinema, curated concessions, and branded collectibles—has turned every new release into an event, driving per-customer profits up nearly 50% compared to pre-pandemic norms.
Blockbusters Lead the Culture
Forget the gloom of endless streaming drops; when films like Top Gun: Maverick, Mission: Impossible, Minecraft, and surprise hits like Weapons and Freakier Friday draw crowds, the industry—and movie fans—sit up and take notice. Movie-themed collectibles and concession innovations, from Barbie’s iconic pink car popcorn holders to anniversary tie-ins, have made each screening a moment worth remembering, blending nostalgia and discovery. The focus: high-impact, shared audience experiences that streaming can’t replicate.
Streaming’s Limits and Studio Strategy
Yes, streaming is still surging, but the tide may be turning. The biggest franchises, and the biggest cultural events, happen when audiences come together for a theatrical release. Paramount-Skydance’s shift signals to rivals that premium storytelling and box office spectacle are again at the center of Hollywood value creation. The result is not just higher profits for exhibitors like AMC, but a rebirth of movie-going as the ultimate destination for fans hungry for connection and cinematic adventure.

Future Forecast: Culture, Community, and Blockbuster Dreams
As PwC and others warn that box office totals may take years to fully catch up, movie lovers and industry leaders alike are betting that exclusive theatrical runs, enhanced viewing experiences, and fan-driven engagement are the ingredients for long-term recovery—and a new golden age. The Paramount-Skydance play is more than a business move; it’s a rallying cry for the art of the theatrical event. Expect more big bets, more surprises, and—finally—a long-overdue renaissance for the silver screen.
For those who believe in the power of cinema, it’s a thrilling second act—and the best seat in the house might be front and center once again.
Business
Why Are Influencers Getting $7K to Post About Israel?

Influencers are being paid as much as $7,000 per post by the Israeli government as part of an expansive and sophisticated digital propaganda campaign. This effort is designed to influence global public opinion—especially among younger social media users—about Israel’s actions in Gaza and to counter critical narratives about the ongoing humanitarian situation.

How Much Is Being Spent?
Recent reports confirm that Israel has dedicated more than $40 million this year to social media and digital influence campaigns, targeting popular platforms such as TikTok, YouTube, and Instagram. In addition to direct influencer payments, Israel is investing tens of millions more in paid ads, search engine placements, and contracts with major tech companies like Google and Meta to push pro-Israel content and challenge critical coverage of issues like the famine in Gaza.
What’s the Strategy?
- Influencer Contracts: Influencers are recruited—often with all-expenses-paid trips to Israel, highly managed experiences, and direct payments—to post content that improves Israel’s image.
- Ad Campaigns: State-backed ad buys show lively Gaza markets and restaurants to counter global reports of famine and humanitarian crisis.
- Narrative Management: These posts and ads often avoid overt propaganda. Instead, they use personal stories, emotional appeals, and “behind the scenes” glimpses intended to humanize Israel’s side of the conflict and create doubt about reports by the UN and humanitarian agencies.
- Amplification: Paid content is strategically promoted so it dominates news feeds and is picked up by news aggregators, Wikipedia editors, and even AI systems that rely on “trusted” digital sources.
Why Is This Happening Now?
The humanitarian situation in Gaza has generated increasing international criticism, especially after the UN classified parts of Gaza as experiencing famine. In this environment, digital public relations has become a primary front in Israel’s efforts to defend its policies and limit diplomatic fallout. By investing in social media influencers, Israel is adapting old-school propaganda strategies (“Hasbara”) to the era of algorithms and youth-driven content.
Why Does It Matter?
This campaign represents a major blurring of the lines between paid promotion, journalism, and activism. When governments pay high-profile influencers to shape social media narratives, it becomes harder for audiences—especially young people—to distinguish between authentic perspectives and sponsored messaging.

In short: Influencers are getting $7,000 per post because Israel is prioritizing social media as a battleground for public opinion, investing millions in shaping what global audiences see, hear, and believe about Gaza and the conflict.
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