Preston Brashers, a senior tax policy analyst at the right-leaning Heritage Foundation, told the Epoch Times in an interview that despite Democrats’ insistent claims that the Inflation Reduction Act will not raise taxes on people making less than $400,000 a year, collateral effects from the bill will cause workers and small businesses alike to pay more. The…
Inflation Reduction Act Will Increase Middle-Class and Small Businesses Taxes: Tax Law Expert
Inflation Reduction Act Will Increase Middle Class, Small-Business Taxes: Tax Law Expert
While Democrats insist that the Inflation Reduction Act won’t boost taxes on people making less than $400,000 a year, collateral effects from the legislation will cause workers and small businesses alike to pay more, according to Preston Brashers, a senior tax policy analyst at the right-leaning Heritage Foundation. The measure, hammered out as a compromise agreement between…
GOP Issues Warning as Democrat ‘Inflation Act’ Includes Hiring of 87,000 New IRS Agents
Republicans say a Democrat-backed bill worth $740 billion includes funding to hire 87,000 new Internal Revenue Service (IRS) agents, which they say will target Americans. The bill, known as the “Inflation Reduction Act,” was approved in a 51–50 vote as Vice President Kamala Harris served as a tie-breaker for Democrats. A provision includes the hiring…
GOP Issues Warning as Democrat ‘Inflation Reduction Act’ Includes Hiring of 87,000 New IRS Agents
Republicans say a Democrat-backed bill worth $740 billion includes funding to hire 87,000 new Internal Revenue Service (IRS) agents, which they say will target Americans. The bill, known as the “Inflation Reduction Act,” was approved in a 51–50 vote as Vice President Kamala Harris served as a tie-breaker for Democrats. A provision includes the hiring…
‘Inflation Reduction Act’ Is Euphemism for Big Government Socialism, Higher Prices
August 3, 2022
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AnalysisChuck SchumerdepressioninflationInflation Reduction ActIRSJoe Manchinminimum taxesOpinionprice controlsrecessionstagflationtax hikeU.S. economy
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Commentary In the midst of a recession, with inflation eating away an average of $6,800 in purchasing power from the incomes of families with two workers, the so-called Inflation Reduction Act would impose tax increases, manipulative federal subsidies, and price controls on every American family. The bill would deepen the growing recession, continue to depress…
Sen. Ron Johnson Wants to Know Why IRS Has Huge Backlog Despite Additional Funding
August 2, 2022
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Internal Revenue ServiceIRSNational Taxpayer AdvocateSen. Ron JohnsonTreasury Inspector-General for Tax Administration (TIGTA)US
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Congress has increased the IRS budget by more than $2 billion in the past year, yet the federal tax agency still has a backlog of more than 24 million unprocessed taxpayer returns and Sen. Ron Johnson (R-Wis.) wants to know why. Johnson told IRS Commissioner Charles Rettig in an August 1 letter that he continues…
The Democrats’ Higher Tax, Bigger IRS, More Inflation Bill
Commentary During the August break, every Republican House and Senate candidate should challenge their Democrat opponents to defend the new, destructive, and unpopular Joe Manchin-Chuck Schumer bill. Democrats hope to camouflage the bill by calling it the “Inflation Reduction Act of 2022.” In the business world, this title would lead to a lawsuit over false…
IRS Stockpiles More Than 5 Million Rounds of Ammunition
Apparently, the IRS needs a little firepower to help with those audits. The IRS has stockpiled five million rounds of ammunition and spent $725,000 on bullets this year, according to Florida Congressman Matt Gaetz, who has introduced a bill to block future ammunition purchases by the agency. The Republican lawmaker announced his sponsorship of the…
Willful Blindness: Feds Ignore Illegal Alien ID Theft Plaguing Americans as US Coffers Fill
July 14, 2022
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border crisisESFfraudulent social security numberIDID theftIdentity Theftillegal alienillegal aliensillegal immigrantsIRSopen bordersSSAUSUS News
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The historic surge of illegal immigrants across America’s southern border is fueling a hidden crime spree few in Washington seem willing or able to address: widespread identity theft victimizing unwitting Americans perpetrated by migrants who need U.S. credentials to work. An extensive review of government reports, think-tank research, news accounts, and interviews with policymakers and…
IRS Requests Watchdog Probe of Decision to Audit Comey, McCabe
The Internal Revenue Service (IRS) has asked a watchdog to investigate its decision to audit former FBI officials James Comey and Andrew McCabe. “The IRS has referred the matter to the Treasury Inspector General for Tax Administration for review,” a spokesperson for the agency told The Epoch Times in an email. “IRS Commissioner Rettig personally…
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