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

President consoles families of soldiers killed by Iran

3 hours ago

Cory Mills somehow under federal criminal investigation

3 hours ago

Hegseth wakes up early enough for 2:30 PM hearing: Live video

4 hours ago

Mikie Sherrill confirms the MAGAverse’s priors on noncitizen voting

6 hours ago

Qatar Force One to continue flying the domestic skies

7 hours ago

WATCH LIVE: Quacks announce Medicaid/Medicare “crackdown”

8 hours ago

Gulf Coast under tropical storm warning from Bertha

9 hours ago

Old Man posts 2006 Fox News talking point on internet

10 hours ago

Israeli intel says Iranian nuke centrifuges moved to secure bunker

10 hours ago

White House political director expands policy initiative aimed at opportunities for gig economy workers to maintain their income

12 hours ago

Air France suspends flights to Saudi Arabia, UAE

13 hours ago

Iranians hit another tanker in Hormuz amid more US airstrikes

14 hours ago

Court ices Regime subpoenas to NYT reporters

1 day ago

Orange God Emperor imposes 50 percent tariff on Canada imports

1 day ago

Deeply unhinged woman pre-loses South Carolina Senate race

1 day ago

Federal court pauses Paramount-Warner MAGAmerger

1 day ago

Trump announces new death trade policy toward Iran

1 day ago

National average gas price over $4 a gallon again

1 day ago

Bald incel edges closer to outright blasphemy

1 day ago

King Charles appoints Andy Burnham to UK Premiership

1 day ago

They don’t love the meat in their mouths

1 day ago

Breitbart reports socialist clown also a grave threat to dictator

2 days ago

Crowd viciously boos Trump during World Cup victory ceremony

2 days ago

CENTCOM raises weekend death toll to four US troops

2 days ago

Irn-Bru-colored moron claims Scots dancing in the streets

2 days ago

Fox News reports Olive Garden can do it, so why can’t America

2 days ago

Tate Bros arrested in Miami on UK arrest warrant

3 days ago

Iranian strikes kill at least two US service members in Jordan

3 days ago

Voter data Trump says China acquired is mostly publicly available

3 days ago

Canadian outlet omits origin of smoke

4 days ago

President flexes level of commitment to lowering costs for voters

4 days ago

US hits Iranian bridge, seaport tower

4 days ago

Orange Fuhrer declares war on free and fair elections: Live

5 days ago

Jaydee cancels helicopter flight to son’s golf practice

5 days ago

WATCH LIVE: Karoline returns from her birthing lair

5 days ago

White House teleprompter guy made $100,000 on Kalshi bets

5 days ago

Wealthy Russians moving assets to overseas seizure shelters

5 days ago

WATCH LIVE: Old Man Trump spins some yarns in Pennsylvania

6 days ago

TOTAL WITCH HUNT! SOCIALIST NAZI COMMIE FASCISM!

6 days ago

Key 2024 swing state voters belatedly realize they fucked up: poll

6 days ago

Deeply amoral Trump lawyer faces Senate hearing: Live video

6 days ago

South central Texas under severe flood threat

6 days ago

Trump orders ICE to go back to killing people

6 days ago

New York City woman deeply offended by anti-Red State agitprop

7 days ago

Chipmunk semen and mercury missing from CDC parasite alert

1 week ago

DHS suspends ICE vehicle stops

1 week ago

Iraqi Prime Minister trapped with gramps: Live video

1 week ago

TACO Tuesday, now with spicy Hormuz sauce!

1 week ago

EJ Carroll collects $5.6 million judgment from Trump

1 week ago

WATCH LIVE: Kagan and Barrett testify to House hearing

1 week ago

x
x
x
x
x
x