So you think the IRS was weaponized under the Obama administration (think Lois Lerner)? Thomas Gallatin at Patriot Post has more bad news for you:
Democrats aim to supercharge the agency
to hit up the middle class for more tax
revenue
Democrats are one vote away from
weaponizing the Internal Revenue Service against the American middle class.
With Joe Manchin doing an about-face on his opposition to Joe Biden’s Build
Back Better spending binge, now reduced in scope and dubiously called the Inflation
Reduction Act, the IRS is on the cusp of a windfall to the tune of $80
billion.
To put that in perspective, the
IRS’s annual budget is $12.6 billion. The additional $80 billion would be
spread out over the next nine years, with the predictable Washington selling
point that this IRS “investment” will reap a projected $200 billion in
additional tax revenue thanks to more accurate tax collection.
And where will the lion’s share of
this “lost” tax revenue come from? Despite the Democrats’ favorite talking
point of making the wealthy pay their “fair share,” the vast majority of the
collected tax revenue will come from hard-working middle-class Americans. . . .
Read the rest here.
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