The IRS battles a fraud-plagued tax credit
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 22 June 2024
⏱️ 23 minutes
🧾️ Download transcript
Summary
Four years after the Internal Revenue Service created a tax credit to help struggling businesses get through the pandemic, the agency ultimately plans to reject the majority of claims filed under the program. We’ll explain how it became swamped with fraud. And, Major League Baseball legend Reggie Jackson opened up about the racism he and other Black players faced in the ’60s. We’ll get into it. And, we’ll play a round of Half Full / Half Empty!
Here’s everything we talked about today:
- “IRS says it will deny most claims of pandemic tax credit for employers” from The Washington Post
- “With pardons in Maryland, 2.5 million Americans will have marijuana convictions cleared or forgiven” from The Associated Press
- MLB Hall of Famer Reggie Jackson remembers Willie Mays from Gary Parrish on X
- “It’s Time to Stop Inviting Plus-Ones to Weddings” from The Atlantic
- “First Came ‘Spam.’ Now, With A.I., We’ve Got ‘Slop’” from The New York Times
- “Netflix House Will Let You Experience Your Favorite Shows, Movies in Real Life” from Netflix Tudum
- “What’s to become of summer Fridays in the age of hybrid work?” from CNN
- “Surgeon General: Why I’m Calling for a Warning Label on Social Media Platforms” from The New York Times
We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
Transcript
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| 0:00.0 | Hi everyone, it's Drew. Thank you to those who donated during our May fundraiser and to those who give year round. |
| 0:07.0 | But support is still needed for us to end our budget year on target. |
| 0:11.0 | You can help Power Make Me Smart and all the important |
| 0:14.9 | resources Marketplace provides by making a budget year-end gift at marketplace |
| 0:20.0 | dot org slash give smart. There's also a link in our show notes. |
| 0:25.0 | Oh my goodness. Oh my goodness. |
| 0:30.0 | It's time. |
| 0:31.0 | Hello everyone I'm Kimberly Adams. Welcome back to Make Me Smart where we make |
| 0:36.9 | today makes sense. It is Friday June the 21st. I'm Kyle Rizdahl. Thanks for |
| 0:41.9 | joining us on the podcast and on the YouTube live stream. It is Friday today |
| 0:45.9 | which means it's time for the weekly happy hour episode economics on tap which is what we do on Fridays. |
| 0:52.1 | It is indeed what we do on Fridays and we're going to get to some news, we're going to take a break, |
| 0:56.0 | and then we're going to play a game, |
| 0:58.0 | which I hope all of you all who are on the live stream will join in. |
| 1:01.0 | But first, before we get into it what are you |
| 1:03.8 | drinking mr. risdall I am drinking I'm driving down to Dodger Stadium in about two |
| 1:08.4 | hours because we're going to the Dodger game tonight so I'm not drinking I'm |
| 1:11.2 | having a let's see it's a San Pellegrino |
| 1:14.4 | Limonata in a Kaipie glass with a little bit of ice which is lovely today |
| 1:18.6 | here in Los Angeles where it's like 87 degrees, although I'm sure it's hotter and gross or wherever you are, |
| 1:24.0 | Kimberly Adams, if it's on the East Coast and the United States. |
| 1:26.0 | I'm in DC and it is indeed hot and gross. |
... |
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