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News Flash
Housing News - Gen Z And Millennials Are Now Choosing Stocks Over Houses
Gen Z And Millennials Are Now Choosing Stocks Over Houses
Major US Bank Is Now Closing 18 Branches This Summer
Major US Bank Is Now Closing 18 Branches This Summer
Stop & Shop Store Closures
A Massive Grocery Chain Is Now Closing Stores
52-year-old restaurant Beefeater will close all locations
International Restaurant Beefeater Will Now Close All Locations
Home Depot Rival closes store after 87 years in business
A Home Depot Rival Closes After 87 Years in Business
JCPenney Ridgmar Mall Closure
Massive Mall Retailer Confirms Closure of Another Location
Magellan Aerospace files chapter 11 bankruptcy
An Aerospace Manufacturer Now Files Unexpected Chapter 11 Bankruptcy
Former Employees of Massive Bank Now Sentenced to Prison
Former Employees of a Massive Bank Now Sentenced to Prison
Home/Banking News/Florida Governor Now Says He Will Eliminate The IRS
Market News Today - Florida Governor Now Says He Will Eliminate The IRS

Florida Governor Now Says He Will Eliminate The IRS

By Frank Nez
January 8, 2024
3

Florida governor Ron DeSantis now says he will eliminate the IRS if elected president when responding to a question on taxation.

On January 4, speaking at a televised Republican presidential town hall event, Florida’s governor and presidential candidate, Ron DeSantis, shared his thoughts on various topics including immigration, the legal-woes of his opponent – the one-term former president, and everyone’s favorite topic; money.

“Wouldn’t you like to eliminate the IRS? I would want it.

I would eliminate the IRS and have a single rate (of federal income tax) and do a flat tax… I think that would be the ideal tax system… Florida is a good example of this,” the governor said on CNN.

Addressing notions that Floridians enjoy a lower income tax than many other tax, and whether this could be broadened to the wider United States if DeSantis were nominated and eventually elected to the White House, he spoke in definitive terms.

He later posted a video of the exchange on Twitter with the headline “I want to eliminate the IRS”.

Some of the more outspoken figures in the Republican movement including Georgia’s Marjorie Taylor-Greene and Florida’s self-appointed ‘firebrand’ Republican – Congressman Matt Gaetz – have been outspoken critics of the federal government agency.

When it was announced that Democrats were seeking to recruit an additional 87,000 agents into the IRS, presumably to enable more effective investigation into citizens and collection of taxes, MTG and Gaetz both declared their intention to block the initiative.

Taxes have been increasing nationwide, posing a threat to wages on every spectrum of the bracket.

The United States government is now the richest it has ever been.

What are your thoughts on the tax system? Leave a comment down below.

Also Read: Massive Layoffs in Florida Deepen According to New Data

Other Economy News Today

Market News Today - Florida Governor Now Says He Will Eliminate The IRS.
Market News Today – Florida Governor Now Says He Will Eliminate The IRS.

A massive US company is now laying off a whopping 900 workers nationwide according to the latest WARN act filings.

Delivery truck maker Morgan Olson will lay off a total of 908 workers from its plants in Michigan, Tennessee and Virginia, the company disclosed through the states’ Worker Adjustment and Retraining Notification Act systems in October.

Morgan Olson produces aluminum delivery trucks and vans for companies such as UPS, FedEx and Aramark, according to their website.

The layoffs will begin Dec. 22 and will be complete by the end of the year, according to the WARN letters.

Fortunately the workforce cuts at all three locations are only temporary, according to a statement from the company.

“Major parcel delivery companies have communicated to Morgan Olson that new vehicle purchase orders will be delayed due to the current economic conditions and forecasts,” the company said in a statement to Manufacturing Dive.

“As a result, Morgan Olson will temporarily be reducing their workforce at all three Morgan Olson locations in Michigan, Tennessee, and Virginia.” 

Of the three facilities, the Ringgold, Virginia, facility will have the most layoffs with 435.

The number of workers losing their jobs at Morgan Olson’s plant in Loudon, Tennessee, is 290, followed by 183 workers in Sturgis, Michigan. 

The Ringgold site is the company’s newest location, which it established in a former Ikea facility in 2020, and had been projected to create over 700 jobs when it opened. 

In its Virginia WARN letter, the company said it hopes business improves so it can rehire.

“Ongoing production will continue at all locations as the company looks forward to the return of the parcel delivery market demand and new product offerings,” Morgan Olson said in a statement.

Also Read: Massive Layoffs in California Now Underway Prior to Holidays

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Market News Today - Florida Governor Now Says He Will Eliminate The IRS.
Market News Today – Florida Governor Now Says He Will Eliminate The IRS.

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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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  1. Frank Nez says:
    January 8, 2024 at 7:03 pm

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    January 8, 2024 at 7:03 pm

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    January 8, 2024 at 7:02 pm

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