Joe Biden claimed that the additional $80 billion he wanted to fund the IRS would not be used to audit more regular, upper middle class Americans. But a new IRS watchdog report shows that Biden lied.
What a surprise.
A new report from the Treasury Inspector General for the Tax Administration that Biden’s promise to use the new $80 billion funding and his additional 87,000 IRS agents to only go after “the rich” can’t be properly fulfilled.
Biden campaigned for the new funding with the claim that he would only initiate audits on people making more than $400,000 a year.
But the IRS watchdog agency says that this promise cannot be fulfilled because the IRS defines “high-income earners” as those who make $200,000 or more, not $400,000.
Just another lie from #LyinBiden Shocker 🙄
Gov't watchdog shreds Biden promise that $80 billion in new IRS funding wouldn't lead to more audits on average Americans https://t.co/fpMDM3tQSA
— Vicki Magadonian #MAGA (@Vicki2A) September 16, 2023
“There is no way to identify the complete population of taxpayers that meet the criterion of $400,000 or more specified by the current Treasury Secretary,” the report says. So, Biden can’t limit the audits to those making $400,000 or more because the system cannot group taxpayers that way.
Further, the IRS has refused to establish new parameters to meet Biden’s promise.
Even worse, the analysis of audits since Biden increased the budget shows that the IRS has not increased it audits of higher income people.
“Our analysis disclosed no significant increase in the number of high-income individual return audits,” the report said.
“[D]espite congressional encouragement to examine individual high earners and the former Treasury Secretary’s directive, most examinations were not focused on high-income taxpayers,” the inspector general explained.
So, Biden lied twice. Once that he’d only target those making $400K and up, and that he’d go after “the rich.”
He has done neither.
Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston
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