Free Republic

President Biden complained Friday that Republicans want to make sure “we don’t have enough IRS agents” to go after the “super wealthy.” During a speech on the February jobs report, Biden said he was informed by his staff that the Freedom Caucus is demanding that Biden agree to a set of spending cuts and budget proposals before they will consider voting to raise the debt ceiling. […] “The House Freedom caucus’ proposal would be a gut-punch to the American middle class and wouldn’t cut the deficit. Let me repeat that: this proposal would bring devastating consequences to our national security,...

Treasury Department Secretary Janet Yellen acknowledged on Friday that 90 percent of IRS audits will be conducted on small businesses and families, not billionaires. Testifying before the House Ways and Means Committee, Rep. Adrian Smith (R-NE) questioned Yellen on the ambiguity of her opening statement. Smith prefaced his question by noting the 87,000 new IRS agents hired at the agency over the next decade to conduct tax enforcement on Americans. “Regarding the audits, there has been confusion about the meaning of the directive that you cited,” Smith said in his line of questioning. “Are you talking about the total number...