As I mentioned in a story a few days ago, the so-called “Inflation Reduction Act” — which has done plenty with the exception of reducing inflation — contained tens of billions of dollars worth of new funding for the IRS which Biden and the Dems claimed would only go after “rich tax cheats” and not the working class.
Rep. Thomas Massie spotted some evidence that “the rich” aren’t going to be the only people under the microscope of the expanded IRS:
Stop the presses. No need to raise the debt limit. Biden is going after those billionaire waitresses’ tips.
HT: Mike @taxreformer pic.twitter.com/DRIHtPoIDM
— Thomas Massie (@RepThomasMassie) February 8, 2023
Ah yes, Biden will make sure those multimillionaire waiters and waitresses will be made to pay their “fair share,” dammit!
The Biden White House seems to know their narrative is in danger of collapsing, so the president’s nominee to be the next head of the IRS has been making assurances during his confirmation hearings:
Recommended
President Biden's nominee to lead the IRS says that, if confirmed, he will commit to not increasing tax audits on businesses and households making less than $400,000 per year. Daniel Werfel’s pledge comes in prepared remarks for his confirmation hearing. https://t.co/7Dp0jXZsrc
— The Associated Press (@AP) February 15, 2023
Is anybody else wildly skeptical about this assurance?
If confirmed as IRS commissioner, Daniel Werfel says he will commit to not increasing tax audits on businesses and households making less than $400,000 per year.
Anticipating questions ahead of his confirmation hearing Wednesday before the Senate Finance Committee, Werfel in prepared testimony makes several other commitments aimed at revamping the beleaguered agency.
President Joe Biden nominated Werfel to steer the Internal Revenue Service as it receives a massive funding boost — nearly $80 billion over the next 10 years through the Inflation Reduction Act, which Congress passed in August.
Yeah, we’ll see about that.
Does anyone believe anything anyone in this administration says?
— Yossarian (@OzarkFool) February 15, 2023
That would be a firm “no.”
Keep repeating the same lie and someday you might actually start to believe it yourself.
— Jim Williams (@jimwills21) February 15, 2023
He can't promise that.
Lower/middle income Americans are 5x more likely to be audited than wealthy Americans. When you supersize the IRS with the intention of collecting more $ through audits, you increase audits on lower/middle income Americans.
Democrats ensured that. https://t.co/jJuOqfKXPA
— Matt Whitlock (@mattdizwhitlock) February 15, 2023
The expanded IRS will instinctively go after the low-hanging fruit and not so much the super-wealthy who have armies of tax attorneys they have to do battle with.
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Related:
Rep. Thomas Massie shares a clue that extra IRS agents won’t only be going after the rich
Same IRS that’s only after the rich wants to establish program ‘to improve tip reporting compliance’
