Josh Shapiro is sworn in as Governor of Pennsylvania on January 17, 2023 at the State Capitol in Harrisburg, Pennsylvania.
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Pennsylvania Governor Josh Shapiro will join Treasury Secretary Janet Yellen to announce that Pennsylvania, a key election battleground, is the next state to enter. IRSNew free tax filing system.
Harris will choose her running mate over the next 10 days, and the event will provide Shapiro with an opportunity to co-sign on the Biden-Harris economic agenda as he works to become Vice President Kamala Harris’ running mate .
“Taxpayers across the country must pay hundreds of dollars to for-profit corporations every year to file their taxes,” Yellen plans to say at an event in Philadelphia, according to excerpts from Yellen’s prepared remarks. “The Inflation Cut Act allows us to change that. A status quo.”
Pennsylvania House Democrats Brendan Boyle and Mary Gay Scanlon will also attend the event.
Shapiro joins Minnesota Governor Tim Walz, Arizona Senator Mark Kelly, Illinois Governor JB Pritzker, Kentucky Governor Andy Beshear and Transportation Secretary Pete Buttigieg Together they entered Harris’ short list of vice presidential candidates. governor of north carolina Roy Cooper He withdrew from the race himself on Monday night.
For Harris, the popular Pennsylvania governor could help create a key swing state. His clear delivery and high-dollar donor connections could also be assets to Harris’ campaign as she sprints to Election Day in less than 100 days.
On Sunday, Shapiro will attend a lunch with large Democratic donors in the Hamptons, CNBC reported Monday.
U.S. Treasury Secretary Janet Yellen speaks at the Financial Stability Oversight Council Conference on Artificial Intelligence and Financial Stability at the U.S. Treasury Department in Washington, DC, June 6, 2024. In her speech, Yellen talked about the future impact of artificial intelligence on the economy.
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During the 2024 tax filing season, the direct filing system is operating on a trial basis in 12 states. According to Yellen, more than 140,000 taxpayers have used it, saving them $5.6 million in federal filing fees and receiving $90 million in tax refunds.
The direct filing system will be rolled out to all 50 states starting in 2025.
The IRS has often been a point of contention in budget discussions on Capitol Hill, as Democrats say the agency is underfunded and some Republicans see it as an overspending agency.
“The IRS is underfunded, which means taxpayers are not getting the support they deserve,” Yellen said.
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