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Drudge Retort: The Other Side of the News
Friday, December 27, 2024

Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.

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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 ...

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-- Jacob Bogage (@jacobbogage.bsky.social) December 26, 2024 at 11:25 AM

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Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

That old bathtub is getting pretty full. The drowning begins soon.

#1 | Posted by TFDNihilist at 2024-12-27 08:54 PM | Reply | Newsworthy 1

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?

#2 | Posted by LampLighter at 2024-12-27 09:04 PM | Reply

" the money is not expected to be used to establish a new armed force..."

Only 2.5 % of agents carry guns. They work in the criminal division, where the IRS routinely send out agents in pairs due to the relative danger.

The "87,000 new hires" was and is a fiction. It was just the Republican Math of dividing IRS money by average salary ... as if a revamped computer system, training, and all other expenses don't exist.

Fact is, most of the money was going for the update, and to replace retiring agents.

Now ... you might read a headline like "IRS audits on small businesses up 100%". Why? Because audits are currently down over 50%, and the IRS Commissioner has a stated goal of "returning to par", meaning historical norms.

That said, the new regime will doubtless strip as much money as possible, making the IRS's goal of a high income group a fantasy ... which is the aim in the first place. Not being able to properly audit rich folks isn't a bug, it's a feature.

#3 | Posted by Danforth at 2024-12-27 09:24 PM | Reply | Newsworthy 2

@#3

Ya know, you really need to stop posting facts. Some folk seem to be unable to handle facts.

On the other hand, thank-you for doing so.


#4 | Posted by LampLighter at 2024-12-27 09:42 PM | Reply | Newsworthy 1

A key element of Republican tax cut gifts to the oligarchs involves gutting enforcement.

#5 | Posted by Doc_Sarvis at 2024-12-28 06:40 AM | Reply

Taxes schmaxes, we don't need no country

#6 | Posted by hamburglar at 2024-12-28 11:07 AM | Reply

Death to Billionaires

#7 | Posted by LegallyYourDead at 2024-12-28 11:09 PM | Reply

I don't think it will be complicated, this new administration, it will be as it was, dedicated to the principle that one takes from the poor and gives to the rich, then the rich reward you mightily, and the poor...well, screw the poor.

#8 | Posted by Hughmass at 2024-12-29 06:21 AM | Reply

@#5 ... A key element of Republican tax cut gifts to the oligarchs involves gutting enforcement. ...

Yup.

And I have been saying that concept, in one way or another, for a while.

#9 | Posted by LampLighter at 2024-12-29 07:18 PM | Reply

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