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Remember in the misnamed 'Inflation Reduction Act' when Joe Biden wanted $80 billion to expand the IRS? Remember this president also making promises that no one making below $400,000 would get audited?
It was a lie then and it's a lie now.
The IRS's official watchdog, the Treasury Inspector General for Tax Administration (TIGTA) now says:
The official IRS watchdog has found the IRS is unable to fulfill President Biden’s pledge not to increase audits on households or small businesses making less than $400,000 per year.
“There is no way to identify the complete population of taxpayers that meet the criterion of $400,000 or more specified by the current Treasury Secretary,” said the Treasury Inspector General for Tax Administration (TIGTA) in a new report...
TIGTA recommended the IRS update its definition of “high-income” households from its current definition of $200,000 per year. But the IRS refused, asserting that it needs “agility” to target whomever it wishes.
ForAmerica has called to defund the IRS and this new $80 billion for EXACTLY this reason.
At a time when Americans are struggling with inflation, this administration has no problem at all with further weaponizing the IRS to target everyday citizens.
They will come after the littlest guy for the littlest thing - who really believed that with an additional $80 billion in funding that was going to change!
In August 2022, Treasury Secretary Janet Yellen pledged that the IRS would not be focusing on auditing households that made below $400,000 a year. But as this new TIGTA report notes, the IRS does not know exactly who makes above $400,000.
From the report: “There is no way to identify the complete population of taxpayers that meet the criterion of $400,000 or more specified by the current Treasury Secretary. An accurate activity code scheme is important because it would enable the IRS to track issues found during examinations of high earners.”
In other words, there was no practical plan set in place to allow Biden to keep his promise in the first place.
Not that this administration actually gives a damn.
Prices are going up across the board, hurting families across the country.
And the IRS is setting its sites on some of those families.
ForAmerica has vocally opposed this spending and defunding the IRS's $80 billion should be a top priority of ANY Republican.