Categories
Uncategorized

Conservatives target Biden’s plan to beef up IRS

Conservative special interest groups and politicians are ramping up efforts targeting President Joe Biden’s plans to hire more agents for the Internal Revenue Service to conduct audits on wealthy individuals and corporations, Politico reports.

Biden’s efforts to bolster the auditors at the IRS comes after nearly a decade when more than 28% of the agency’s auditors–roughly 3,100 staffers–left and were not replaced between 2010 and 2019, the Associated Press reported last September.  The personnel shortage impacted the ability of the IRS to audit complex returns typically submitted by wealthy individuals, whose returns cannot be easily checked automatically.

The Trump Administration worked to limit IRS operations by reducing the agency’s budget, a fact that was brought into the spotlight when it was discovered the alleged billionaire Donald Trump reportedly paid $750 in income taxes in 2016 and 2017. During the Trump Administration, those with annual incomes under $25,000 are audited at a higher rate (0.69%) than those with incomes up to $500,000 (0.53%).

According to a 2020 study by University of Pennsylvania law professor Natasha Sarin and former Treasury Secretary and Harvard University President Lawrence Summers, the IRS will fail to collect nearly $7.5 trillion in taxes owed between 2020 and 2029, largely because of the lack of audit and enforcement ability.

Now, as Biden’s aggressive infrastructure programs and policies favoring working class Americans are promoted, Biden is looking to bolster IRS enforcement, particularly among the top tier of income files.  Biden intends to hire 87,000 IRS staffers over the next ten years.

The Biden plan spends $80 billion on new tax enforcement efforts, which it predicts would bring in about $700 billion, a roughly 9-to-1 return on investment.

Coalition to Protect American Workers, an organization run by Mike Pence’s former chief of staff Marc Short, has already taken out ads decrying the increase of IRS auditors, but dishonestly insinuating the new staff would be targeting working class Americans.  “If Joe Biden gets his way, they are coming: IRS agents,” the narrator in the ad says. “Biden’s massive tax increase plan includes a staggering $80 billion to help recruit an army of IRS agents.”

Short’s organization is likely to face a legal fight over the ad, but not about content.  The ad claims it’s sponsored by “Building America’s Future,” the same name of an organization formed 13 years ago by former Democratic Pennsylvania Governor Ed Rendell, former Republican California Governor Arnold Schwarzenegger and former New York City Mayor Michael Bloomberg, then an independent.

Created by potrace 1.16, written by Peter Selinger 2001-2019

Tim Pool claims some libs shot up his house

6 hours ago

Bethlehem has a Christmas tree again for the first time since 2022

9 hours ago

Orange Fatass spending his weekend productively

11 hours ago

Grijalva says she was pepper-sprayed by some ICE asshole

1 day ago

MAGA Florida gov hopeful’s former underage girlfriend speaks up

1 day ago

Brian Cole was all in on “Stop the Steal”

1 day ago

Total alpha just oozes confidence in GOP’s healthcare strategy

1 day ago

Netflix buying up Warner Bros… in theory

2 days ago

K$H used FBI agents as Uber drivers for his woman’s drunk friends

2 days ago

Chicago’s Christians too liberal, says Jewish conservative

2 days ago

ChiComs impose 13 percent tax on condoms

2 days ago

Bondi commands DOJ to pursue evil leftist groups

2 days ago

Toy Soldiers, or why you only matter if Democrats can be blamed

2 days ago

“Shade” is “Gen-Z slang for ‘disrespect'”: MassLive.com

2 days ago

Navy pew-pews 22nd “narcoterrorist” boat

2 days ago

WATCH LIVE: Miserable old bastard lights up Christmas tree

2 days ago

Supreme Court allows Texas to use gerrymandered map

2 days ago

Virginia grand jury no bills regime’s retry against Letitia James

2 days ago

WHOA, T-minus 16 minutes people!

2 days ago

Newly-freed MAGA terrorist Taranto spotted near Raskin’s home

2 days ago

Car thief to stay put in California

2 days ago

“Tonight is a sign 2026 is going to be a bitch of an election cycle”

2 days ago

Nevada hit with 5.9 magnitude quake: malfunctioning USGS alert

2 days ago

Crazy grandpa to restart domestic travel next year: report

2 days ago

WATCH LIVE: Orange Warlord takes credit for Congo peace deal

2 days ago

Bari Weiss to host “town hall” with Erika Kirk

2 days ago

Brian Cole named in DC pipe bombing attempts

2 days ago

Most ACA enrollees to blame Trump/Republicans if costs spike: poll

2 days ago

Susan Collins fans may want to be concerned

2 days ago

Regime giving Letitia James case a second go

2 days ago

Eric Adams signs order banning divestment from Israel

2 days ago

Mike Johnson trying to remove IVF funding from NDAA

2 days ago

FBI arrests January 6th pipe bomb suspect: reports

2 days ago

Georgia state GOP official caught sexting 14 year-old boy

3 days ago

Oregon has crabs again… Chinese ones

3 days ago

Gateway Pundit reports Hegseth failed to purge DEI from military

3 days ago

Missouri libs to submit anti-gerrymandering petition next week

3 days ago

Mike Lindell still alive, to run for Minnesota governor

3 days ago

WATCH LIVE: Orange Grandpa rambles about the usual shit

3 days ago

Mike Johnson now opposed to stock trading ban

3 days ago

Family of dead Colombian fisherman files complaint against US

3 days ago

Markwayne alleges Obama war crime to defend Hegseth war crime

3 days ago

Massachusetts man’s browser history consistent with defense that he didn’t murder wife, only carved up and disposed of her corpse

3 days ago

Chickenshit Jim Jordan subpoenas Jack Smith for closed depo

3 days ago

Benny Johnson wants Omar deported for badmouthing the elderly

3 days ago

Orange Idiot pardons sitting Dem Congressman Henry Cuellar

3 days ago

Surprise! Johnson to swear Van Epps in this week

3 days ago

MAGA Senator suddenly real ignorant about drug cartels

3 days ago

DHS invades New Orleans

3 days ago

ADP jobs report pretty ugly

3 days ago

x
x
x
x
x
x