Joe Biden broke some devastating news about every American’s bank account

Cat2 / Politics

Quality of life for Americans under Joe Biden keeps declining.

He saved the worst for last.

And Joe Biden broke some devastating news about every American’s bank account.

Joe Biden’s new army of 87,000 new IRS agents targets the middle class

Democrats tucked $80 billion to hire 87,000 new IRS agents into President Joe Biden’s so-called “Inflation Reduction Act.”

Republicans warned that funding an army of IRS agents would empower the government to target the middle class and political opponents for audits.

The Biden administration claimed these 87,000 new IRS agents would only target Americans making more than $400,000 per year.

“These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans. As we’ve been planning, our investment of these enforcement resources is designed around the Department of the Treasury’s directive that audit rates will not rise relative to recent years for households making under $400,000,” IRS commissioner Charles Rettig wrote to Senators in August 2022.

Biden’s claims proved to be untrue 

The Biden administration’s line about how these IRS agents would leave the middle class alone turned out to be a lie, not that anyone was surprised.

According to a report from Treasury Inspector General for Tax Administration the IRS is increasingly hounding middle-class Americans.

“President Biden’s plan to hire a new army of tax collectors is falling flat, and the agents already at work are targeting the middle class,” a Wall Street Journal editorial about the report read.

The audit showed the exact opposite taking place in terms of new audits where the IRS focused increased attention on Americans lower on the economic ladder.

“As of last summer, 63% of new audits targeted taxpayers with income of less than $200,000,” the Journal also reported. “Only a small overall share reached the very highest earners, while 80% of audits covered filers earning less than $1 million.”

This was the only way this was ever going to play out.

For as much as Democrats talk about taxing the rich, the money just isn’t there.

Taxing the “rich” 100 percent of their income would only yield enough money to run the government for around four months.

The real money is in the middle class.

But it’s political suicide to openly target working-class Americans with tax increases and audits since that is the most surefire way for any politician to lose re-election.

Biden is counting on the fact that the media – who are all his ideological allies and supporters – won’t cover the story of his weaponized government terrorizing working-class Americans with audits which clearly broke a promise he made to the public.

Democrats used to be the party of the little guy.

But since working-class Americans increasingly vote Republican, they now have to pay the price in the form of an increased risk of being audited.

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