PROOF: Dem-Funded IRS Targeting Middle Class
It was all a lie.
For several months, the Republicans cautioned that President Joe Biden’s proposal to recruit 87,000 agents for the Internal Revenue Service (IRS) under the Inflation Act would result in increased audits of small businesses and families throughout the United States. Despite this, the President, along with his administration and the Democrats in Congress, has made significant efforts to refute this assertion.
According to Fox, during the House Ways and Means Committee hearing last week, Treasury Secretary Janet Yellen was questioned about the number of new audits financed by the Inflation Act. In response, she acknowledged that the percentage of new audits conducted on individuals and small businesses with earnings below $400,000 would remain consistent with the levels observed in the past.
What’s shocking however is that according to the nonpartisan Government Accountability Office, over 90% of audits are conducted on small businesses and families earning less than $400,000.
The Biden administration’s lack of clarity on this matter has caused significant concern, with both the Congress and the public seeking unambiguous answers. During Yellen’s hearing, when asked to elaborate if the annual number of audits carried out on families earning less than $400,000 would remain steady, or if the proportion of new audits targeting such families would not surpass the historical rate of 90%, the Secretary confirmed that she meant the proportion and not the total number.
The Biden administration attempts to project the impression that their focus is limited to pursuing “tax cheats and billionaires.” However, with measures such as bank surveillance initiatives, the recruitment of 87,000 new IRS workers, a proposed new tip reporting system, and the mandate to report online transactions above a mere $600, it is evident that this administration aims to tax, track, and scrutinize the financial transactions of ordinary Americans at every juncture.
