Tag: SBN

The IRS would receive $80 billion if H.R. 5376, the $750 billion “Inflation Reduction Act” passes the House and lands on Biden’s desk. The funding would mark a 600 percent increase from 2021 when the bureau received $12.6 billion.

The reconciliation package would also double the current IRS workforce by hiring an additional 87,000 employees to the bureau’s staff of 78,661 employees, a move that would make the IRS  larger than the Pentagon, State Department, FBI and Border Patrol.

“The Pentagon houses roughly 27,000 employees, according to the Defense Department, while a human resources fact sheet says the State Department employs just over 77,243 staff. The FBI employs approximately 35,000 people, according to the agency’s website, and Customs and Border Protection says it employs 19,536 Border Patrol agents,” the Washington Free Beacon reports.

Democrats claim the majority of additional revue from IRS audits would come from the wealthy upper class, but a study from the Joint Committee on Taxation shows the audits would cripple the middle class, the publication notes:

The additional IRS funding is integral to the Democrats’ reconciliation package. A Congressional Budget Office analysis found the hiring of new IRS agents would result in more than $200 billion in additional revenue for the federal government over the next decade. More than half of that funding is specifically earmarked for “enforcement,” meaning tax audits and other responsibilities such as “digital asset monitoring.”

…

The majority of new revenue from IRS audits and scrutiny will come from those making less than $200,000 a year, according to a study from the nonpartisan Joint Committee on Taxation. The committee found that just 4 to 9 percent of money raised will come from those making more than $500,000, contrary to Democrats’ claims that new IRS agents are necessary to target millionaires and billionaires who hide income.

The Senate voted to pass H.R. 5376 on a party-line vote, with Vice President Kamala Harris breaking the tie. The bill goes to the House, where it will likely pass.

WATCH: Democrats CHEER AND CLAP LIKE SEALS After They Pass Bill to Raise Taxes on Middle Class, Raise Inflation, Crush Small Businesses During Biden’s Economic Recession

GOP lawmakers warn the Democrat’s attempt to expand the IRS is an attempt to further weaponize the federal bureau against the middle class.

“Those IRS agents are designed to come after you, they’re not designed to come after the billionaires and the big corporations. They’re designed to come after small businesses and working families across this country,” cautioned Sen. Ted Cruz, R. -Texas, on Sunday. “The Democrats are making the IRS bigger than the Pentagon, plus the Department of State, plus the FBI, plus the Border Patrol combined. This is a massive power grab.”

“I introduced an amendment to say, ‘don’t create 87,000 new IRS agents’ — every Democrat voted ‘no,’” Cruz continued. “They are bound and determined to try to ram this bill through.”

Sen. Lindsey Graham, R. -SC, warns the legislation under the guise of inflation is a “fraud” and a “lie.”

“The CBO says next year, inflation will go up or down 0.1 percent. That’s not much of a reduction,” Graham explained on a Friday appearance on FNC’s Fox and Friends. “This bill has tax increases on imported oil. The taxes in the bill will be passed on to consumers at the $75,000 or below level. The subsidies for Obamacare go to people who make $300,000 and $400,000 as a family of four. It is a bunch of bs that it will reduce inflation. It is about as accurate as saying the border’s secure and the Taliban didn’t know Zawahiri was in Kabul. This is a fraud. It’s a lie. It’s going to make every problem worse.”

The so-called ‘Inflation Reduction Act’ will give $79.6 billion to the IRS over the next 10 years.

The Wall Street Journal said the new army of IRS agents will target the middle and upper-middle class.

Senator Richard ‘Da Nang Dick’ Blumenthal (D-CT) and Senator Lindsey Graham (R-SC) Sunday morning appeared on CNN’s “State of the Union” to discuss Biden’s massive spending bill.

Lindsey Graham laughed as Senator Blumenthal mocked Americans rightfully concerned about a new army of 87,000 IRS agents.

“The idea that there’s gonna be this army of IRS agents descending on the average American is just preposterous,” Blumenthal said as Lindsey Graham laughed and nodded in agreement.

According to new analysis, the IRS audits the poor at 5 times the rate of everyone else, CBS News reported.

Tax season is a fraught time for taxpayers, who are understandably eager to get their refunds quickly and who may fret that processing hiccups could delay their checks. But some Americans may have more grounds for concern than others: low-income households with less than $25,000 in annual earnings.

This group is five times as likely to be audited by the IRS as everyone else, according to a new analysis of IRS data by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University. About 13 tax returns out of 1,000 filed by those earning less than $25,000 were audited in the fiscal year ended September 30, compared with a rate of 2.6 for every 1,000 returns for people with incomes above $25,000, TRAC found.

The reason is a rise in what are known as “correspondence audits,” a review of a tax return that’s typically handled by the IRS via letters and phone calls, as opposed to the typically more complex face-to-face audits. More than half of the correspondence audits initiated by the IRS last year involved low-income people who claimed the Earned Income Tax Credit (EITC), TRAC found.

The IRS also has a history of targeting conservative groups.

Lois Lerner, the controversial director of the tax-exempt organizations division at the Internal Revenue Service, has a long sordid history of targeting conservatives.

Under the direction of Lois Lerner, the Federal Election Commission sued the Christian Coalition in the 1990s. She harassed the Christian Coalition for three election cycles. Eventually, she lost her case. At one point Lerner even asked a targeted conservative if Pat Robertson prayed over him. (Sound familiar?)

Conservative watchdog group, Judicial Watch obtained IRS documents in 2018 revealing backstabber Senator John McCain’s former staff director urged the IRS, including the corrupt Lois Lerner to engage in “financially ruinous” targeting of conservative Tea Party groups.

And they did.

The IRS Conservative Targeting Scandal involved: