Earlier today we told you about a CBS News report showing how the IRS that’s being expanded thanks to funding in the ironically-titled “Inflation Reduction Act” won’t just be increasing their focus on the rich, but also waitresses, gig workers, etc:
CBS News reports ‘new IRS rule’ that will really sock it to those billionaires (oh, wait…) https://t.co/zAHb0sJu7b
— Twitchy Team (@TwitchyTeam) April 13, 2023
And with that, another great moment in “journalism” was spotted:
Started // going @CBSNews pic.twitter.com/IwlKB5YuYR
— Drew Holden (@DrewHolden360) April 13, 2023
In October 2022, conveniently a month before the midterm elections, this was CBS News’ “fact-check” on GOP claims that the expanded IRS won’t just be scrutinizing the wealthy:
Are the claims true?
No, the claims are outdated and misleading. While the IRS will be getting $80 billion from the Inflation Reduction Act passed in August, the IRS has not yet released a plan for the money. In August, Treasury Secretary Janet Yellen sent a memo to IRS Commissioner Charles Rettig directing the agency to deliver a plan within six months on how the funding will be used over the next decade. Yellen also had another directive for the agency regarding new personnel and which Americans shouldn’t see more audits.
“Any additional resources—including any new personnel or auditors that are hired—shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels,” she wrote in a letter. In a separate letter to the Senate, Rettig, a Trump appointee, also stated the resources are “absolutely not about increasing audit scrutiny on small businesses or middle-income Americans.”
Recommended
And of course now we have the chaser from yesterday:
Starting next year, a new IRS rule will require anyone earning over $600 on payment apps, like Venmo, in 2023 to receive a 1099-K form. The old threshold was earning $20,000 over 200 transactions. pic.twitter.com/TaygGwFBep
— CBS Evening News (@CBSEveningNews) April 12, 2023
Maybe Elon Musk should expand the labeling of some media outlets:
Hey @elonmusk, might you consider adding "State Affiliated Media" to @CBSNews? https://t.co/2J8AC9vrgC
— Gordon "Soros-Backed" Kushner (@Gordon_Kushner) April 13, 2023
As usual when the media “debunks” claims from Republicans their sources are often claims from Democrats. The DNC-run media is so predictable.
***
Editor’s Note: Do you enjoy Twitchy’s conservative reporting taking on the radical left and woke media? Support our work so that we can continue to bring you the truth. Join Twitchy VIP and use the promo code SAVEAMERICA to get 40% off your VIP membership!
Join the conversation as a VIP Member