Aw shoot, I HATE when this happens....
Joey Asthma sticking it to the middle class................ AGAIN....
https://thehill.com/opinion/finance...-an-expanded-irs-will-harass-the-middle-class
Democrats want to drastically expand the size and power of the IRS. If the left has its way, the tax-and-spend reconciliation bill will create an IRS that will excessively audit, harass and intrude into the lives of Americans.
Democrats want to double the size of the IRS with $80 billion in additional funding over the next decade and deploy 87,000 new agents and auditors. Forty-five billion of the new funding is devoted to enforcement, 23 times greater than funding devoted to taxpayer services (pre-filing assistance and education, filing and account services and taxpayer advocacy services).
Despite what Democrats claim, new IRS enforcement won’t be borne by the “rich” and large corporations. They already employ armies of accountants and lawyers to protect them from the agency. Instead, middle-class families and small businesses will be targeted — especially self-employed people, and cash-heavy businesses like restaurants, retailers and barbershops.
The left also wants to have the IRS create a “comprehensive financial account reporting regime” to track the withdrawals and deposits of bank accounts, investment accounts, and Venmo, Paypal, and CashApp accounts of American individuals and businesses. A senior Treasury official recently confirmed the Biden administration is still determined to get bank snooping “across the finish line.” Americans oppose IRS bank snooping on principle as an invasion of privacy.
This proposal would clearly harm Americans making less than $400,000 per year, despite assurances by the left.
Joey Asthma sticking it to the middle class................ AGAIN....
https://thehill.com/opinion/finance...-an-expanded-irs-will-harass-the-middle-class
Democrats want to drastically expand the size and power of the IRS. If the left has its way, the tax-and-spend reconciliation bill will create an IRS that will excessively audit, harass and intrude into the lives of Americans.
Democrats want to double the size of the IRS with $80 billion in additional funding over the next decade and deploy 87,000 new agents and auditors. Forty-five billion of the new funding is devoted to enforcement, 23 times greater than funding devoted to taxpayer services (pre-filing assistance and education, filing and account services and taxpayer advocacy services).
Despite what Democrats claim, new IRS enforcement won’t be borne by the “rich” and large corporations. They already employ armies of accountants and lawyers to protect them from the agency. Instead, middle-class families and small businesses will be targeted — especially self-employed people, and cash-heavy businesses like restaurants, retailers and barbershops.
The left also wants to have the IRS create a “comprehensive financial account reporting regime” to track the withdrawals and deposits of bank accounts, investment accounts, and Venmo, Paypal, and CashApp accounts of American individuals and businesses. A senior Treasury official recently confirmed the Biden administration is still determined to get bank snooping “across the finish line.” Americans oppose IRS bank snooping on principle as an invasion of privacy.
This proposal would clearly harm Americans making less than $400,000 per year, despite assurances by the left.
