I agree.This bill will cause inflation to increase.
What's worse to me is that there are not 87000 qualified people out there to be hired. They are going to pull in Joe and Jane Blows from the street, give them mediocre training and turn them loose on the public. The only winners will be the tax lawyers that fight the auditors.“To finance their socialist agenda, Democrats are supersizing the Internal Revenue Service with $80 billion (six times the agency’s annual budget) to create an army of 87,000 new enforcement agents to target Americans with as many as one million additional audits per year on taxpayers earning less than $200,000 – the same middle-class suffering the most from the skyrocketing inflation of Bidenomics,” it added.
There are 789 billionaires in the United States. Joe Biden isn't hiring 87,000 new IRS agents just to go after them.
Why not 87,000 more Border Patrol Agents, not 87,000 IRS Agents?
The Biden administration and the left keep claiming they're doing this stuff to lower inflation, but they know damn well this will increase inflation. Even if the GOP takes back the majority, it will be an uphill battle to restore the economy because Biden will just veto every Republican-passed piece of legislation. We can only hope the GOP will not attempt to spend our tax dollars needlessly to appease the left.Holy Carp!
List of Tax Hikes in Democrat Reconciliation Bill - Americans for Tax Reform
$6.5 Billion Natural Gas Tax Which Will Increase Household Energy Bills The bill imposes a regressive tax on American oil and gas development. The tax will drive up the cost of household energy bills. The Congressional Budget Office estimates the natural gas tax will increase taxes by...www.atr.org
All we can do is hope that the GOP can win the presidency in 2024 and reverse this sucker!
List of Tax Hikes in Democrat Reconciliation Bill
$6.5 Billion Natural Gas Tax Which Will Increase Household Energy Bills
$12 Billion Crude Oil Tax Which Will Increase Household Costs
$1.2 Billion Coal Tax Which Will Increase Household Energy Bills
Corporate Income Tax Hike on U.S. Businesses Which Will Be Passed on to Households
$124 Billion Stock Tax Which Will Hit Your Nest Egg — 401(k)s, IRAs and Pension Plans
95% Federal Excise Tax on American Pharmaceutical Manufacturers
$52 Billion Income Tax Hike on Mid-Sized & Family Businesses
Supersizing the IRS to Increase Audits – $124 Billion
We need Trump to back off and DeSantis to run!
We can only hope the GOP will not attempt to spend our tax dollars needlessly to appease the left.
The GOP will do nothing.Sadly, the GOP is only a tiny bit better when it comes to cutting spending.