Democrats latest plan: Target middle class Americans with IRS audits, keep billionaire loopholes open

[Counselor706]

A bill backed by Senate Majority Leader Chuck Schumer (D-NY) and Joe Manchin (D-WV) would unleash the Internal Revenue Service (IRS) on middle class Americans while keeping tax loopholes open for billionaires and their multinational corporations.

The plan, which Schumer and Manchin have agreed to, would massively bulk up IRS audits and criminal investigations to the sum of tens of billions of dollars — nearly all of which will be dedicated to going after middle class Americans squeezed by inflation.

At the same time, tax provisions hugely benefitting billionaires and their multinational corporations would go untouched.

The Schumer-Manchin plan includes billions in green energy tax credits that would be swooped up by billionaires to cut their corporations’ annual tax burdens. Jeff Bezos’s Amazon notoriously employs this strategy to pay close to zero in corporate income taxes.

https://www.breitbart.com/politics/...h-irs-audits-keep-billionaire-loopholes-open/

 

[Beachbum18966]

Welcome to Bidens America, where we have highest inflation ever, highest gas prices ever, highest taxes ever, highest crime ever, highest illegal border crossing ever, China, Russia and Iran are colluding to destroy us, biggest embarrassment of Afghanistan withdrawal ever, and Biden caused all of this mess with a war on gas and oil and defunding the police.

https://www.breitbart.com/politics/...h-irs-audits-keep-billionaire-loopholes-open/