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Elizabeth MacDonald Archive

  • Lawmakers Probe Purported IRS Seizure of Medical Records

    Published June 13, 2013

    A House committee sent a letter to the head of the IRS demanding information about a report that agents improperly seized medical records.

  • Calif. Pension Crisis Poised to Worsen

    Published June 12, 2013

    Changes in how state and local governments account for retiree costs will show several California cities are much worse off than previously thought.

  • S&P Revises U.S. Outlook to Stable

    Published June 10, 2013

    Almost two years after the credit rating firm’s historic downgrade of the U.S.and warning on the country's debt outlook, S&P reaffirmed its AA+ rating on U.S. debt and revised its credit outlook to stable from negative.

  • Rep. Cummings: Republican IRS Official To Blame

    Published June 10, 2013

    A veteran IRS manager in Cincinnati, who described himself as a conservative Republican, told congressional investigators that he and a colleague decided to give conservative groups the extra scrutiny that has exploded into a firestorm of political controversy. 

  • Senators Question VA Employees Doing Union Jobs

    Published June 06, 2013

    Two senators sent a letter to the secretary of Veterans Affairs demanding answers as to why 188 VA employees were paid taxpayer-funded salaries and benefits to do union work.

  • The Fallout from the Samsung-Apple Fight

    Published June 05, 2013

    Samsung was handed a victory in one part of the patent battle with Apple and it could have a far-reaching impact on Apple's sales.

  • 20 Surprising Facts About the U.S. Economy

    Published May 29, 2013

    These 20 facts about the U.S. economy may leave you shaking your head. They were uncovered by FOX News researchers Mitchell S. Kweit, Steven Joachim, Mark Rigby, Bryan Murphy and Mark Bentley and obtained from government agencies that include the U.S. Treasury Dept., U.S. Census Bureau, the Bureau of Labor Statistics, the Social Security Administration, Congressional Research Service and the Federal Reserve.

  • Inside Look: The Genesis of IRS Political Pressure

    Published May 23, 2013

    Pressure to keep an eye on political groups has been mounting on the Internal Revenue Service for some time, according to a review by FOX Business.

  • The Key Point About Apple’s Tax Moves

    Published May 22, 2013

    The fight over Apple has to do with two things. Apple houses a big chunk of its profits in low- to no-tax Ireland, and U.S. companies pay taxes twice on their overseas profits, first to the foreign jurisdiction, then to the U.S. if repatriated.

  • At the Heart of DC’s Fight with Apple

    Published May 22, 2013

    Sitting at the heart of the Apple scandal-palooza in Washington is the belief that Apple’s low tax bill via the use of Ireland’s low corporate tax regime is helping to drive the U.S. deficit. But here's what lawmakers are missing.