Gaining what he termed "momentum" in overhauling Social Security, Treasury Secretary John Snow said he expects House lawmakers to draft a reform proposal for the 70-year-old program when they return from the July 4th recess."There is real momentum," Snow said in a radio interview held earlier this week. "We need to keep this moving forward and we need to keep hearing from more people."Snow said he expects the Senate to address Social Security reform sometime this summer. The hope is that some form of resolution can be reached before the end of the year.However, Democrats have voiced staunch opposition to any Social Security reform plans that entail the creation of personal or private accounts.
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A recent study by the Treasury Inspector General for Tax Administration found that the IRS has spent $15.7 billion of the $26 billion remaining from the 2022 Inflation Reduction Act.
March 27 -
The winner of the inaugural season of the reality show was ordered to pay back taxes on that prize by a federal judge.
March 27 -
The Top 75 Firm acquired CoMetrics Partners, a specialized management consulting and technology firm based in New York City.
March 27 -
Plus, CohnReznick appoints pair of managing directors; Dean Dorton opens second Cincinnati office; and more news from across the profession.
March 27 -
Plus, Dext launches Dext Assist AI; Acumatica announces Acumatica 2026 R1; and other news and updates from the accounting tech arena.
March 27 -
The AI-focused accounting automations solutions company released a new tax prep agent that it claims completes returns from start to finish in the manner of a human tax preparer.
March 27







