Democrats Propose Spending $80 Billion to Expand the IRS

[Kamaji]

Democrats Propose Spending $80 Billion to Expand the IRS

By Eric Lendrum
July 29, 2022

Democrats in Congress have proposed a new spending bill that would allocate $80 billion for the sole purpose of expanding the Internal Revenue Service (IRS), ostensibly to fight inflation by raising government revenues.

As reported by The Daily Caller, the bill is called the “Inflation Reduction Act of 2022.” The bill would see the size of the IRS increase as part of a broader effort to increase “taxpayer compliance.” Under the new bill, the IRS would spend an additional $80 billion over the course of the next 10 years, up significantly from its current budget of $13.7 billion, with a primary focus on hiring thousands of new agents, and expanding operations, facilities, and services.

The bill allocates $45 billion for the purpose of hiring even more lawyers and auditors for the collection of taxes and cracking down further on those who fail to pay, with another $25 billion dedicated to increasing operations expenses, such as transportation and office rent. The remainder of the funding will see $5 billion and $3 billion, respectively, dedicated to “Business Systems Modernization” and “Taxpayer Services.”

Proponents of the bill say that the increased spending for resources and hiring will ultimately generate as much as $124 billion in government revenue through improved “tax enforcement,” which, they claim, will subsequently fight inflation. The increase in government revenue will partially go towards funding a massive spending package that Democrats are proposing to combat the broader economic crisis, to the tune of $430 billion.

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Source:  https://amgreatness.com/2022/07/29/democrats-propose-spending-80-billion-to-expand-the-irs/

[Bigun]

If I had my way, there would be no IRS to expand!

[DefiantMassRINO]

... good news, got my 2020 tax refund
... bad news, still waiting for 2021 tax refund

A couple of years ago, we owed money and so my asked me to increase my employer tax witholding. 

After two years of year-long delays in getting refunds, she came around to my way of thinking - reduce my employer witholding and keep the money for ourselves.

[LMAO]

So how does Washington spending more to give the IRS more power to try to get more revenue for the government reduce inflation??

My question is rhetorical, of course

[Kamaji]

So how does Washington spending more to give the IRS more power to try to get more revenue for the government reduce inflation??

My question is rhetorical, of course

Well, if the proposition ends up being value-added - i.e., for each additional dollar spent on the IRS, more than a dollar of additional revenue is generated - then that would have the effect of pulling some of the excess money out of the economy, which might have a counter-inflationary effect (although I doubt it will be very pronounced, and it certainly won't show up immediately, since most IRS enforcement procedures can take several years before they result in additional tax payments).

[IsailedawayfromFR]

A powerful article by Horowitz on how the IRS enables leftists.
Rigging the War on Fossil Fuels
Taxpayer dollars to make the world green and red.

https://www.frontpagemag.com/fpm/2022/07/rigging-war-fossil-fuels-david-horowitz-and-john-perazzo/