Silver Report Uncut
May 7, 2021
A plan to boost IRS funding by more than 10%, or $80 billion over the next decade to vastly increase the agency’s auditing staff and replace outdated technology. A person familiar with the plans said the $700 billion projection does reflect that the IRS will need several years to ramp up and that the highest revenue-raising years will be toward the end of the 10-year timeframe. Current predictions are that some of the biggest gains will come in the following decade, raising as much as $1.7 trillion to $1.8 trillion during that period, the person said. We have been warning about the movements of the IRS and there are some who praise the idea of a bolstered IRS. This is shocking to me as it’s hard to figure out why anyone would like the IRS. There is also the fact that they are considering the $80 billion in taxpayer money an investment and Janet Yellen is praising the IRS.
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