New Tax Regulations Coming (12/22)
The John Kobylt Show
Premiere Networks
4.3 • 799 Ratings
🗓️ 23 December 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
The John Kobylt Show Hour 2 (12/22) - Lou Penrose fills in for John. Ben Siegel comes on the show to talk about the IRS dealing with new tax regulations. More on new tax regulations. No one wants to run for governor in California.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.6 | Guaranteed Human. |
| 0:04.8 | KFI AM-640. |
| 0:06.5 | You're listening to the John Cobalt podcast on the I-Hart Radio app. |
| 0:10.8 | Lou Penrose, in for John Cobalt on the John Cobalt show. |
| 0:14.0 | Good to have you along with us. |
| 0:15.4 | As the New Year approaches, Senate Democrats are raising concerns about the IRS's ability to handle the upcoming tax |
| 0:22.5 | filing season, all the changes that are across the board. |
| 0:28.7 | I mean, the tax code's complex enough, but the first year of the Trump administration |
| 0:33.6 | now introduces in the one big, beautiful bill, things like no tax on tips, no tax on overtime and being able to expense the interest on your auto loan and a letter to the Treasury Secretary who is the acting IRS Commissioner. |
| 0:49.7 | I love it that so many people are doing double duty. |
| 0:53.3 | It just shows you how too big the federal government is, |
| 0:57.9 | that the Treasury Secretary can also be the acting commissioner of the IRS |
| 1:03.3 | at the same time and everything's fine. |
| 1:05.2 | In fact, we're taking a record number of tax revenue, |
| 1:09.3 | including tariff revenue in the billions. |
| 1:14.9 | So a good Excel sheet apparently is all you need at the IRS. |
| 1:20.4 | But Scott Bessett said that 17 senators, Elizabeth Warren of Massachusetts, |
| 1:25.1 | Angus King, who is an independent of Maine, said they have serious concerns that the IRS is not prepared for the next tax season, and taxpayers may face delays in difficulties in filing tax returns and receiving refunds because of all these new things. |
| 1:40.5 | Now, this is rich. |
| 1:42.3 | In eliminating taxes on the American people, that's going to cause the |
| 1:49.7 | IRS a lot of work, and that is going to slow things down. So that's a pretty easy solution, no. |
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