President Joe Biden is a cold, heartless man.
One of the President’s lies has been exposed and he thinks it’s funny.
The army of new IRS agents that Joe has brought on in the inflation reduction act are not going to hunt down billionaires. According to testimony in Congress they have been hired to target the middle class and small businesses.
During a hearing in the House Ways and Means Committee Rep. Adrian Smith got the truth.
While Treasury Secretary Janet Yellen was grilled by Smith she revealed the true purpose behind the new IRS agents.
“There’s been confusion about the meaning of the directive that you cited in the letter last August and then repeated here today,” Smith told Yellen, referencing her August 2022 letter in which she directed that the IRS shall not use new personnel or auditors “to increase the share of small businesses or households below the $400,000 threshold that are audited relative to historical levels.”
She did not deny that the 87,000 new agents will target those making under $400,000 a year.
From Fox Business:
Yellen testified before the House Ways and Means Committee, where she faced numerous questions about President Biden’s budget priorities and how the IRS will use funding that Congress appropriated in Biden’s landmark spending and tax law to hire 87,000 new agents. During an exchange with Rep. Adrian Smith, R-Neb., Yellen appeared to admit that the vast majority of new IRS audits conducted with Inflation Reduction Act resources would affect lower- and middle-income individuals, contrary to promises from the Biden administration.
????????Secretary Yellen just admitted before @WaysandMeansGOP that 90% of new audits under the Inflation Act will be on families and small businesses, not “billionaires and tax cheats.”
That is exactly why @HouseGOP passed my bill with @RepSteel to rescind this funding. ⤵️ pic.twitter.com/nqmslEo4t0
— Rep. Adrian Smith (@RepAdrianSmith) March 10, 2023
So what does Joe think about this?
Biden whispers & laughs about thousands of new IRS agents targeting Americans pic.twitter.com/lRMLp5H4h6
— Tom Elliott (@tomselliott) March 10, 2023