(AMERICAN ACTION NEWS) – Claiming a supposed “tax gap” between what Americans owe and what they pay, a new proposal by President Joe Biden and congressional Democrats would spend $80 billion to create as many as 87,000 new federal “enforcement and compliance” agents to investigate any financial transaction involving more than $600 and create a federal database to record and monitor Americans’ financial activities.
“Democrats want to give the IRS $80 billion and hire 87,000 new agents so they can harass and audit taxpayers and create a new reporting regime that targets any bank account, Venmo account, or financial account exceeding $600 in gross inflows and outflows,” said Grover Norquist, President of Americans for Tax Reform. “This should be alarming given the IRS has a long history of failing to do its job and targeting taxpayers based on their political beliefs.”
“Congressional Democrats’ answer to Americans’ frustrations with the IRS is to hire more tax bureaucrats to audit them,” said Ryan Ellis, President of the Center for a Free Economy.
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