What about the 5 million rounds of ammunition the Internal Revenue Service is currently stockpiling? Should Americans fear that? How about the massive amount of debt charged to the national coffers because of the Inflation Reeducation Act? Should that be a cause of concern?
Or should the American people blindly trust that Democrats and the White House are telling the truth about this new bill even though everyone involved has lied on several occasions?
With Senate Democrats passing the $740 billion “Inflation Reduction Act” Sunday, Americans might see an extra 87,000 new Internal Revenue Service (IRS) agents providing taxpayers with “better service,” according to one liberal lawmaker.
Amid high inflation and a recession, U.S. Senators broke even on voting for the legislation. All 50 Democrat Senators supported, and all 50 Republicans rejected the act, allowing Vice President Kamala Harris to break the tie vote.
[source: The Daily Wire]
While the bill emphasizes spending toward climate and health packages — an extra $80 billion would primarily enhance IRS enforcement and operations while modernizing new technology systems. IRS enforcement aims to ramp up auditing the wealthy and impose a minimum tax on large corporations over the next decade.
Sen. Ben Cardin (D-MD) attempted to ease taxpayer worries during a Fox News interview when asked if hiring 87,000 new IRS agents would “scare the heck out of millions of Americans.”
“Millions of Americans aren’t going to be impacted by that other than getting better service from the IRS,” the Democrat claimed.
We can basically guarantee at this point that the Inflation Reduction Act is a serious cause for concern if the likes of Sen. Cardin are touting it on live TV.
Meanwhile, reports have emerged completely blowing up every Democrat argument.
It turns out, more than half of the agency’s audits last year targeted taxpayers earning less than $75,000, with 40% earning income tax credits. Data also shows the agency lost more than 16,000 employees since 2010.
New taxes proposed in the bill show it would raise some $258 billion in new revenue by imposing a 15% minimum tax on companies with more than $1 billion in profits and force companies to follow IRS account principles when reporting income.
Amid a period of record high inflation, the Democrats found it necessary not only to spend billions on Green New Deal policies but to arm the IRS with millions of rounds of ammunition — all on the taxpayer’s dime.
Author: Vasily Ivanov