Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.
Why does this matter? Because to keep the lights on, the IRS is going to have to move some money around. And that's going to completely take the legs out of tax enforcement of rich tax cheats and major corporations. Read more here: www.washingtonpost.com/business/202 ...
-- Jacob Bogage (@jacobbogage.bsky.social) December 26, 2024 at 11:25 AM
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Of course, this is no surprise.
The GOP wants to cripple the IRS's ability to go after the wealthy tax cheats.
Even to the point of providing misinformation.
Marjorie Taylor Greene Says 'New IRS Force' Takes Aim at Small Businesses (2022)
www.newsweek.com
... Republican Representative Marjorie Taylor Greene of Georgia said that Democrats are assembling a new armed Internal Revenue Service (IRS) "force" that will target small- business owners.
Greene said on Friday that the passage of the Inflation Reduction Act, which is expected soon due to the bill recently being backed by moderate Democratic Senator Kyrsten Sinema of Arizona, would provide $80 billion in funds to help the IRS establish a new force to target middle-income Americans and small businesses. While the bill does provide nearly $80 billion in IRS funding over the next decade, some of which could be used to hire new employees, the money is not expected to be used to establish a new armed force. ...
Why is the GOP so against the IRS making the wealthy pay the taxes they are obligated to pay?
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