Thought for the day

"The tendency has always been strong to believe that whatever received a name must be an entity or being, having an independent existence of its own. And if no real entity answering to the name could be found, men did not for that reason suppose that none existed, but imagined that." -- John Stuart Mill

Biden's IRS Auditor Army Will Disrupt Economic Recovery MikeRivero Thu, 09/01/2022 - 07:53

The Biden administration’s decision to recruit nearly 90,000 new IRS auditors could have a chilling effect on small businesses and economic growth, permanently impeding our nation’s ability to recover from its current economic malaise.

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Joe Biden and the Democrats successfully enacted the Inflation Reduction Act this month without a single Republican vote and a major part of the legislation dedicates $80 billion to the world’s most powerful tax collection agency. The Internal Revenue Service (IRS) is set to embark on a hiring spree that will bring 87,000 new agents on board in order to put enforcement and collection into overdrive against Americans.

The Internal Revenue Service (IRS) is wasting no time responding to criticisms and concerns that the misnamed "Inflation Reduction Act" will provide funding to help grow and weaponize the agency. On Tuesday, The Washington Post's Jacob Bogage reported that "IRS launches safety review after right-wing threats." 

The Democrats’ new reconciliation bill isn’t just going to be the largest-ever expansion of a government agency. It’s going to be the largest expansion of the domestic police state in American history. Only a statist could believe that a federal government, which already collects $4.1 trillion every year—or $12,300 for every citizen—supposedly needs 80 battalions of new IRS cops.

Sputterings of dissatisfaction among Democratic ranks over President Joe Biden's plan to wipe out at least $10,000 in student loans has erupted into a full-blown civil war within the party, with some claiming the move is 'out of touch' with what Americans want.

The shocking price tag of the forgiveness plan is now estimated to cost taxpayers up to $600 billion – even for those who did not take out federal student loans or have already paid it off.

The Internal Revenue Service (IRS) announced on Aug. 24 that it will waive penalties levied against American taxpayers who failed to file their 2019 and 2020 returns in a timely manner during the COVID-19 pandemic.

The agency will also issue over $1.2 billion in refunds or credits to taxpayers who received the fees.

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Who wants to be an Internal Revenue Service enforcement agent? Turns out, hardly anyone.

President Biden’s plan to boost government revenue over the next decade by adding 87,000 IRS agents is on a collision course with the hard reality that they can’t even recruit enough workers now to meet existing staff levels, according to recent studies.