In response to the “Inflation Reduction Act,” which significantly inflates the IRS with more than enough money to employ tens of thousands of more IRS agents, Republican senators are promoting the “IRS Funding Accountability Act.”
The Inflation Reduction Act increases money for the IRS by $80 billion, making it “bigger than the State Dept., Pentagon, FBI, and Border Patrol combined,” as Breitbart News explained. However, the act achieves almost almost nothing to lower inflation since it focuses primarily on green projects and Obamacare programs.
Legislators claim that the funding is similarly devoid of any controls. The IRS Funding Accountability Act is applicable in this situation.
“Over the past two years, Dems. and the Biden admin. has turned the IRS into a weapon to fund its tax-and-spend program. The $80 million would result in the IRS “unfairly” targeting low-and-middle class Americans,” according to Rep. Mike Kelly, head of the Ways & Means Subcommittee on Tax, who said in a statement that the time for supervision is now.
“My measure aims to fill the supervision and accountability gaps left by the Inflation Reduction Act. This would ensure that the IRS is appropriately using taxpayer money and hold the government responsible to the American people,” he continued.
The Inflation Reduction Act’s expansion of the IRS without any accountability, according to Senator John Thune (R-SD), senior member of the Subcommittee for Taxation and IRS Oversight, is “dangerous and reckless.”
“This bill would give the agency much-needed supervision over its record-breaking $80 billion in spending, and over half of which Dems. have allocated for enforcement-related activities like audits. The IRS under the Biden government would have to answer to the American people, rather than Washington bureaucrats, if our plan is passed into law,” he said.
Transparency is required, according to Senator Chuck Grassley (R-SC), a member of the Subcommittee for Taxation and IRS Oversight.
“Democrats’ political spending package provided the IRS with an additional 80 billion dollars last year, and their legislation included no accountability or oversight procedures at all,” he stated.
Grassley continued, “Our bill would guarantee that the IRS is accountable to the American people in how it utilizes this money and will cause it to forfeit cash every day it is out of compliance.”
As promised by House Speaker Kevin McCarthy (R-CA), the GOP-led House voted to remove the Democrats’ “army of 87,000 IRS officers” as the very first action of the new Congress last month.
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