The IRS Auditing Army Grows by 87,000
Yesterday, the U.S. House passed a bill called the “Inflation Reduction Act.” You’d think that would mean that we’re finally shutting down the Federal Reserve (AKA, the Creature from Jekyll Island) or cutting government spending. But you would be wrong. Unfortunately, the names of congressional bills almost never convey the legislation’s actual meaning… Patriot Act, anyone? Build Back Better? Green New Deal? In fact, the “inflation reduction act” is more likely to get your family audited by the IRS than it is to make your groceries and gas cost any less. The bill, which just cleared Congress and is now headed for Biden’s desk, just confirmed “climate” spending, a raise in taxes, and funding for 87,000 new IRS Agents. Even worse? These thousands of new jobs are being added specifically to audit more people. As Twitter user Hannah Cox astutely noted, there are only 727 billionaires in the United States.