Saturday, July 30, 2022

Manchin's Deal? 80K More IRS Agents

He has erected a Multitude of new Offices, and sent hither Swarms of Officers to harrass our People, and eat out their Substance.

You can lay this at the feet of Mitch McConnell, who handed this to Schumer when he passed CHIPS.

Believe it or not, the Build Back Better legislation would more than double the size of the IRS. That’s one of the hidden details in the agreement that Sen. Joe Manchin, D-W.V., cut with Majority Leader Chuck Schumer, D-N.Y., behind closed doors. And of course, Democrats want to ram it through Congress within a matter of days...

The draft bill contains an $80 billion “investment” in the Internal Revenue Service. Of that amount, more than half, or over $45.6 billion, will go towards enforcement activities.

Even as it doles out such vast sums for the IRS, the bill contains only a few short pages of text explaining the provisions. In other words, the IRS will have a relatively wide berth to spend the new funding as it likes.

But last May, the Treasury Department released its “tax compliance agenda,” showing where it would like to spend that money. And on page 17 of that document, it helpfully included a chart demonstrating the IRS agents it would hire with that additional cash. All told, the Biden Administration wants to hire 86,852 agents, expressed in this chart as “FTEs,” or full-time equivalent employees

These are not Swarms who will examine Biden's pals in Big Tech or the Military-Industrial Complex.  These are Swarms who will concentrate on small business and individuals, just like you!

So contrary to reports, the Biden Administration will be paying attention to the Little Guys.  

Aren't you happy??

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