Republicans quietly cut IRS funding by $20 billion in bill to avert government shutdown
Republicans quietly cut IRS funding by $20 billion in bill to avert government shutdown
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A 2021 report from the Congressional Budget Office indicated that the $80 billion in added IRS funding over 10 years would yield approximately $200 billion in added tax revenue without raising taxes. The Biden administration this week said $140 billion would be added to the debt over a decade due to the cuts, per the Washington Post.
Anyone who says republicans are good at the budget and national debt should be laughed out of the room.
They are the worst of people and I pray that saint luigi will visit them.
The IRS started using their bigger budget to go after the wealthy and fight their lawyers instead of just nickel and diming the classes that can’t afford to fight back, can’t have that
It’s a classic CEO move though: cut the workforce and expect the numbers to go up.
That's not why they did it though.
The extra funds that were recently given to the IRS that had Republicans screaming they're coming for you Johnny America! were ment to give the IRS the means to actually go after the wealthy who have methods of evading taxes so complex that typically the IRS can't afford to spend the time chasing so they just focus on us poors.
Republicans obviously cant have the ownership class actually pay taxes like the rest of us or they wouldn't be Republicans.
My analogy was rather cryptic. What I meant was that they were doing cuts on the very mechanism that generates revenue, just like a CEO doing a mass layoff.