President Joe Biden and Democrats are hoping to squeeze an extra $200 billion in tax revenue out of American taxpayers by mostly targeting working and middle class households with Internal Revenue Service (IRS) audits.
As part of Biden’s “Build Back Better Act,” which was already passed by House Democrats, nearly 600,000 more working and middle class Americans earning $75,000 or less a year would be audited by the IRS, an analysis by Republican lawmakers reveals.
“Democrats’ tax and spending spree will more than double Americans’ chances of being audited as it targets lower and middle-income earners,” the analysis states:
The proposal will lead to an additional 1.2 million IRS audits each year, nearly half of which will hit middle class families making less than $75,000. All this so Democrats can wring an extra $200 billion out of the American people, particularly from middle class families and small businesses.[Emphasis added]
Biden’s plan to supercharge the IRS with $80 billion in mandatory funding and 87,000 new IRS agents will lead to drastically higher audit rates for all Americans at every income level according to the Co …
Friday, Rep. Jeff Van Drew (R‑NJ) sounded off on President Joe Biden’s so-called Build Back Better agenda amid the growth in inflation.
Van Drew described inflation as “the Biden tax.” He argued it was “a complete waste of money” that was a result of “terrible” Biden policies.
“This is without question the Biden tax. It is just one more tax on everybody. It is because of the terrible way he has led this country in so many ways,” Van Drew proclaimed. “And Congressman Jordan is right. When you talk about that Build Back Better bill, which I call the big bad bill — I wish I could get a country-western singer to do a song about it — when you talk about that bill and what it is going to do, 2.5 million for tree equity is in it. Tell me what tr …
www.breitbart.com/clips/2021/11/26/gop-rep-van-drew-inflation-the-biden-tax-a-complete-waste-of-money/
Bidenflation 17% More For Toys, Clothing, TVs, and Other Gifts
Black Friday shoppers may experience sticker shock this year.Prices of toys, clothing, electronics, computers, and televisions are expected to be between five and 17 percent higher this year than last year. That’s because discounts are being put on prices already pushed higher because of inflation. Also, retailers not discounting as deeply as they have in the past. Many items that in the past might have been marked down 50 percent or more will see 20 percent off sales this year.Televisions, which had been falling in price for years, are up sharply this year. The Labor Department said its index of consumer prices for televisions is up 10.4 percent compared with last year.Overall, consumer prices on durable goods are up 13.2 percent compared with 12-months earlier. Clothing prices are up 4 …
www.breitbart.com/economy/2021/11/26/bidenflation-black-friday/