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Yellen tells IRS not to use $80B funding on middle-class, small business audits
NYPost ^ | 08/12/2022 | Thomas Barrabi

Posted on 08/12/2022 9:38:36 AM PDT by ChicagoConservative27

Treasury Secretary Janet Yellen penned a letter this week directing the Internal Revenue Service to ensure the $80 billion in additional funding it is set to receive over the next decade doesn’t result in more middle-class tax audits.

Yellen sought to assuage concerns despite sharp criticism from Republican lawmakers and independent analyses which indicated the IRS spending spree included in President Biden’s Inflation Reduction Act will increase tax scrutiny for more than just wealthy Americans.

“Specifically, I direct that any additional resources—including any new personnel or auditors that are hired—shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels,” Yellen said in the Aug. 10 letter to IRS Commissioner Charles Rettig.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: anwr; audits; bidenflation; creepstate; deepstate; irs; keystonexl; middleclass; opec; policestate; singlepartystate; yellen
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Lying troll.
1 posted on 08/12/2022 9:38:36 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

“Hey guys, remember, don’t go after the little people.” *wink* *wink*


2 posted on 08/12/2022 9:39:42 AM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: ChicagoConservative27

and we believ her why?


3 posted on 08/12/2022 9:40:27 AM PDT by Truth29
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To: ChicagoConservative27

Weasel wording. She’s only claiming that the new agents and budget will be used against the middle class. She’s carefully not saying anything about the existing IRS resources that are being freed up by the increase.


4 posted on 08/12/2022 9:41:50 AM PDT by HartleyMBaldwin
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To: ChicagoConservative27

Right!


5 posted on 08/12/2022 9:41:58 AM PDT by Bruce Kurtz
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To: ChicagoConservative27
She'll be long gone before the IRS hires 1/10th of the new agents.

Who's going to be interviewing and processing this flood of new workers? You really think they have a plan for it?

6 posted on 08/12/2022 9:43:16 AM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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To: ChicagoConservative27

I feel so much better with that assurance. I mean, she wrote a letter in ink and everything.


7 posted on 08/12/2022 9:43:24 AM PDT by Flick Lives (FJB and the corrupt FBI)
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To: ChicagoConservative27

Janet needs yo money to pay the interest on the bonds she be sellin’

She all for it, git da money is what she really says


8 posted on 08/12/2022 9:43:40 AM PDT by Regulator (It's fraud, Jim)
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To: ChicagoConservative27

Dang...they always do the opposite. So that’s exactly who they are targetting!


9 posted on 08/12/2022 9:43:47 AM PDT by for-q-clinton (Cancel Culture IS fascism...Let's start calling it that!)
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To: Night Hides Not
Oh they have a plan...

Future IRS agents

10 posted on 08/12/2022 9:45:38 AM PDT by Regulator (It's fraud, Jim)
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To: ChicagoConservative27

Well, that’s OK then. After all, those guarantees they made when they passed the 16th amendment that it would never go above 10% were a promise kept, weren’t they?


11 posted on 08/12/2022 9:45:51 AM PDT by Billthedrill
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To: ChicagoConservative27

No worries. The middle class and small busineses are being eliminated.


12 posted on 08/12/2022 9:46:09 AM PDT by FatherofFive (We support Trump. Not the GOP)
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To: ChicagoConservative27

Churches and non-profits are fair game though. Expect LLC’s and pac’s to be audited forever.


13 posted on 08/12/2022 9:46:19 AM PDT by Bayard
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To: ChicagoConservative27

Yes, she’s lying.

Historical statistics suggest the opposite of what she’s saying.


14 posted on 08/12/2022 9:46:25 AM PDT by Starboard
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To: ChicagoConservative27

Janet sent a letter. I feel better already.


15 posted on 08/12/2022 9:46:50 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money)
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To: ChicagoConservative27

They should audit everyone in congress and as long as we’re at it AUDIT THE FED!


16 posted on 08/12/2022 9:46:54 AM PDT by rfreedom4u ("You may all go to hell and I will go to Texas")
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To: ChicagoConservative27

So, essentially she has admitted the IRS is funded to go after the small people in the USA.


17 posted on 08/12/2022 9:48:48 AM PDT by OpusatFR
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To: ChicagoConservative27

Yeah, and the TSA is temporary, and the Patriot Act is only for our good too, right?


18 posted on 08/12/2022 9:50:24 AM PDT by Obadiah (Finishing is better than starting.)
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To: ChicagoConservative27

Yeh riiiiiiggght


19 posted on 08/12/2022 9:51:06 AM PDT by Godzilla (Never give up, never surrender . . . . . .)
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To: ChicagoConservative27

Good cop, bad cop. As if we’re that stupid to believe the act.


20 posted on 08/12/2022 9:53:21 AM PDT by mikey_hates_everything
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