Democrats are turbo-charging the IRS to go after the middle class

‘Because that’s where the money is’

The reconciliation package proposed by Democratic Sens. Joe Manchin and Chuck Schumer includes $80 billion in new funding for the Internal Revenue Service (IRS) that will allow the agency to set its sights on middle-class Americans.

Increases in IRS funding are laid out in Section 10301 of the 725 page “Inflation Reduction Act.” and the lion’s share of the funding — $45.6 billion — is earmarked for “enforcement,” including “litigation,” “criminal investigations,” “investigative technology,” and “digital asset monitoring.” Proponents argue that the funding will allow the IRS to bring in more than $200 billion in additional revenue from those under-reporting income, but skeptics like the Wall Street Journal editorial board argue that much of this funding will come straight out of middle-class and upper middle-class Americans’ wallets “because that’s where the money is.”

[…]

Complete text linked here.

Comments are closed.