For a damning picture of the modern left, it doesn’t get much clearer than this.

The Democratic Party, which spent the 2020 presidential election year trashing the police and cheering on rioting mobs wreaking havoc on American cities is now desperately trying to rebrand itself for the midterm election year as the party of loyalty to federal law enforcement agencies hellbent on pursuing former President Donald Trump and his supporters.

But as a Twitter post published Wednesday by a member of the previous Democratic administration shows, all it’s really proving is basic ignorance, or utter contempt, for the foundations the country was built on.

The post was published by Tommy Vietor, now a co-host of the blasphemously liberal podcast “Pod Save America,” but a man who rose to public attention as one of the more abrasively juvenile members of the Obama administration.

The tweet included a link to a CNN report (of course) about the surveillance footage that was taken of last week’s FBI raid on Trump’s home in South Florida’s Mar-a-Lago Club, and a comment from Vietor that probably said more about the mindset of the modern left than Tommy ever intended.

The staff at the Trump household had refused an FBI request to turn off surveillance cameras in the home, which would have left the agents free to do anything they chose without fear of exposure.

“Very confused about how you can refuse a direct order from the FBI while they are in the process of executing a search warrant, especially given the context here when the concern is about unauthorized release of highly classified information,” Vietor wrote.

Very confused about how you can refuse a direct order from the FBI while they are in the process of executing a search warrant, especially given the context here when the concern is about unauthorized release of highly classified information. https://t.co/J6l1gtMpMc

— Tommy Vietor (@TVietor08) August 17, 2022

He’s “very confused” about an American household disobeying an order from the FBI? And a “direct order” at that?

It’s a good bet he wasn’t at all confused by the George Floyd rioters failing to follow the orders of local police as they set about looting and torching businesses in the name of “social justice” in the summer of 2020.

For many Democrats, anarchy in the streets, theft and destruction of property, even outright murder are completely acceptable (just ask the gangsters who benefited from the bail organization Vice President Kamala Harris supported).

But failing to fall into lockstep obedience with the feds when they show up armed with a search warrant and plenty of weaponry? That passes Vietor’s comprehension.

Naturally, being a blue-checked liberal, Vietor has plenty of simpering sympathizers in the social media world (even the Twitter bots Elon Musk talks about have more brains than that herd), but fortunately for the future of the republic, there were more than a few responses to set Vietor straight:

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Lol “direct order”. Under what authority?

— Eager Beaver (@_eager_beaver) August 18, 2022

You say, “No thank you, I prefer to film my home during your official duties.” The official duties of the officer are not private, and first amendment permits filming officers.

— Zag (@hoperidesagain) August 18, 2022

It sounds to me like the .@FBI is hiding more than they accused Trump of.

— Paul M. (@ArizonaPaul) August 18, 2022

And then there was this classic:

If they told you to do the hokey pokey, would you do that too?

— AmericanIPA8 (@AmericanIpa8) August 18, 2022

Now, it’s easy to dislike Vietor and the rest of the coterie of sophomoric arrogance that surrounded the Obama White House. (The State Department’s Marie Harf was another, along with Harf’s old boss Jen Psaki.)

With Obama administration posts that included membership in the National Security Council and special assistant to the president, Vietor helped saddle the country with the bogus Iran nuclear deal that even Ben Rhodes, deputy national security advisor to the Obama White House, admitted had been sold in an “echo chamber” of mainstream media ignorance. (And to New York Times Magazine, no less.)

But he’s worth paying attention to, if only to see where the leftists of the Obama years are leading their party and — regrettably — the country today.

His podcast is an influential voice in leftist politics — the DigitalTrends website ranked it as the third-best political podcast for 2022. (No. 1 was NPR’s “The NPR Politics Podcast,” which says everything that needs to be said about DigitalTrends’ political preferences.)

To his marginal credit, Vietor appeared to learn something from his Twitter post, as one respondent explained a search warrant does not give law enforcement — even the big, bad FBI — powers to do more than search the premises involved.

“A search warrant authorizes…a search, per 4th Amd. It does not create other powers or cancel out civil liberties,” the user wrote.

“I remember when people used to be skeptical of the police, *especially* when they were dealing with someone we thought was a criminal.”

— Daniel Laufer (@lauferdaniel) August 17, 2022

Vietor seemed to get the message — or maybe he’d just finally realized how cringingly submissive his initial tweet came off and remembered that he’s supposed to be a man.

“Interesting — thank you. Wonder if they made this ‘order’ because of the risk of exposing the information, but that does seem a little ridiculous,” he wrote.

Interesting — thank you. Wonder if they made this “order” because of the risk of exposing the information, but that does seem a little ridiculous.

— Tommy Vietor (@TVietor08) August 18, 2022

“A little ridiculous” should have been a first reaction to the blatantly political operation. “Outrageous!” “Infuriating!” “Totalitarian BS!” would have been even better.

But for the leftist mindset of 2022, steeped in the openly anti-American tradition birthed by the disastrous Obama years, the initial reaction is not to defend American freedoms but to question why Americans can refuse a “direct order.”

This is a man who served in the Obama White House, remember, where the abuse of power at federal agencies — such as the IRS, with the likes of Lois Lerner; the FBI with the “leadership” of James Comey; and the Justice Department under political grifters like Eric Holder and Loretta Lynch — had to have been considered almost commonplace.

It’s a basic distortion of the country’s foundation of law and order, pervasive among leftists in the mainstream media, in popular culture and in the Democratic Party from local governments through the House, the Senate and the White House:

They have nothing but contempt for the law; they worship orders.

There are many sorry countries, with many sorry histories, where that attitude is the norm. The United States isn’t one of them.

Thanks to the Inflamatory Reinforcement Act, the poor and conservative will be attacked by the weaponized IRS. This regime sucks so much Chinese wienerschnitzel their eyes are fully white. [US Patriot]

The IRS audited 197 low-income families for every high-wealth family in 2019, according to the Government Accountability Office (GAO)—a number that some experts expected to climb under an IRS turbocharged with more money and manpower.

Over the next decade, the Democrat’s new “Inflation Reduction Act” will provide the IRS with 87,000 new agents and $80 billion in funding, with nearly $46 billion earmarked for enforcement.

According to the Congressional Budget Office, the tax and spend bill is projected to bring in $203.7 billion in revenue from 2022 to 2031.

Joe Biden’s administration has promised no new taxes or audits on households making less than $400,000 per year.

But experts say that promise may be hard to keep.

A previous CBO analysis using a similar funding plan featured in the Inflation Reduction Act found audit rates would be restored to levels around 10 years ago. The analysis showed the audit rates would rise for all taxpayers, but the ones with higher incomes would face the biggest increase.

The oldest data available in the 2022 GAO report released this year were from 2010. That’s when the IRS was better funded and staffed with some 95,000 full-time employees.

From 2010–2019, the IRS audited 0.9 percent across all income groups compared to 0.25 percent now.

Rachel Greszler, a budget and entitlements senior research fellow at the Heritage Foundation, told The Epoch Times that even returning to the 2010 audit levels for those making more than $400,000 per year, would still fall short of the IRS’s revenue goal.

“My rough estimate shows that returning to the 2010 audit levels for all income groups would only generate a little over 20 percent of the bills’ estimated enforcement revenues in 2031,” she said.

In her commentary on the Heritage Foundation’s website Aug. 12, Greszler wrote the numbers don’t add up using 2019 data either without the lower- and middle-class.

Even increasing recent audit rates 30-fold for taxpayers making over $400,000—including 100 percent audit rates on taxpayers with incomes over $10 million—still would fall more than 20 percent short of raising the estimated $35.3 billion in new revenues by 2031, she wrote.

So it stands to reason that taxpayers can expect audit rates more like those about a decade ago.

GAO statistics show a larger number of audits in 2010 for taxpayers in the $0–$24,999 tax bracket than the high wealth households. About 579,000 audits were performed on the lowest tax bracket in 2010, compared to 197,000 in 2019.

Yet for the wealthy, high wealth audits of $10 million or more stood at 2,800 in 2010, dipping to 1,000 in 2019.

While a higher percentage of high wealthy households is audited more than poor ones, the lower class sees more audits overall.

A better-funded IRS in 2010 audited the poor much more aggressively than the super wealthy—at a rate of 207 to 1.

In recent years, the IRS audited taxpayers with incomes below $25,000 and those with incomes of $500,000 or more at higher-than-average rates. But, audit rates have dropped for all income levels—with audit rates falling the most for taxpayers with incomes of $200,000 or more, according to the GAO report.

The Inflation Reduction Act, which is a scaled-down version of Build Back Better negotiated by Democrats Sen. Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.), took Republicans by surprise. The measure passed the Democratic-controlled Senate and Congress last week through a reconciliation process.

Alarm bells sounded for Republicans after Democrats shot down an amendment to the bill proposed by Sen. Mike Crapo (R-Idaho) to protect the working class from more audits. Crapo’s amendment stipulated that none of the funds from the Inflation Reduction Act could be used to audit taxpayers making under $400,000 a year. Still, all 50 Democrats in the Senate voted against it.

Republicans on the House Ways and Means Committee said CBO calculated the monetary impact of Crapo’s amendment. Calculations confirmed that had lower- and middle-income taxpayers been protected by the amendment, revenue in the Democrats’ bill would have been reduced by at least $20 billion.

Treasury Secretary Janet Yellen attempted to clear up “misinformation” about the bill in a letter to IRS Commissioner Charles P. Rettig. She wrote new resources allocated to the IRS “shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels.”

However, her directive isn’t included in the bill, meaning it won’t have the power of law. Tax experts and analysis from the nonpartisan scorekeeper at the CBO indicate Yellen’s promise will likely be broken if the IRS sticks to its income expectations.

“Again, this has no teeth behind it,” said Preston Brashers, a senior tax policy analyst with the Heritage Foundation.

Brashers said it would take time for the audits to start rolling, increasing as the tax agency adds tens of thousands of new agents. Proponents of the bill say a large number of those 87,000 employees will fill jobs lost through attrition, but Brashers said it appears that the agency will almost double in size.

In a press release, Rep. Kevin Brady (R-Texas) estimated that the Democrats’ bill would amount to 1.2 million new audits of taxpayers per year. Over 710,000 of these audits would fall on Americans who earn $75,000 a year or less.

“If you’re an American worker making $75,000 a year, you are 4x more likely to see a tax hike from this bill than any tax relief at all. You’re hitting middle class families directly and through higher energy prices as well,” Brady wrote on the Ways and Means GOP Twitter feed.

Audits of Least Resistance

Another taxpayer category likely to be audited more is rural, low-income households claiming an Earned Income Tax Credit, according to the IRS.

Those who claim the EITC credits often make mistakes or don’t understand the rules, which makes auditing these returns low-hanging fruit for the IRS because they don’t require many man hours. The opposite is true of audits of wealthy families who can afford accountants and lawyers.

A much larger number of returns claiming EITC credits are audited compared to the wealthiest households. In 2019, the number of audits of low-income families claiming the EITC credit compared to high wealth audits of $10 million or more was 205 to 1.

In 2010, that ratio was somewhat lower at 177 to 1. However, the number of EITC audits was much greater at 496,000 in 2010 compared to 205,000 audits in 2019.

These refundable credits can provide a sizable refund if the taxpayers are qualified.

Families with three or more children can receive a maximum of $6,242, and households making under $21,000 without children can receive a maximum of $503, according to a 2016 GAO report on refundable tax credits.

James R. McTigue, a director in the GAO’s strategic issues team, told The Epoch Times the IRS and members of Congress are concerned about fraud when it comes to EITC credits because of their value. Tax prep businesses may also give low-income taxpayers bad advice, triggering more audits.

“So the IRS does audit those claiming the EITC credit at a slightly higher rate than they do for people in those lower income categories,” he said.

The GAO report noted that audits of the lowest-income taxpayers, particularly those claiming the EITC, resulted in higher amounts of recommended additional tax per audit hour, compared to all income groups except for the highest-income taxpayers.

But the premise that the IRS isn’t performing well due to lack of funding seems false based on recent revenue numbers, Brashers said, adding that new technology should make the agency more efficient even with lower full time positions.

Tax revenue is on track to reach a whopping 19.6 percent of the Gross Domestic Product in 2022, he said.

“The truth of the matter is we are on pace for the second highest year as a percentage of GDP for taxes,” Brashers added.

SOURCE: The Epoch Times

WORKING AMERICANS ARE SUFFERING TREMENDOUSLY AT THIS TIME OF “ZERO INFLATION.”

Biden claimed on Wednesday, August 10 that, “today we received news that our economy had zero percent inflation in the month of July – zero percent,” despite the fact that the Consumer Price Index (CPI), the measure of inflation, was up 8.5 percent versus July 2021.  While the CPI was down from its 9.1 percent June number, it is still extremely high, and certainly not zero.

The decrease in acceleration of the inflation rate was driven primarily by a decrease in gas prices. Per Bloomberg, “while a drop in gasoline prices is good news for Americans, their cost of living is still painfully high, forcing many to load up on credit cards and drain savings.”  Per the US Bureau of Labor Statistics, the price of gasoline dropped 7.7 percent in July, but is still up 44 percent for the twelve months ending July 2022, with all energy commodities up 44.9 percent.

On the day the CPI numbers were released (August 10), the national average for a gallon of gas was $4.03, down from record highs of $5.02 per gallon, but significantly higher than the August 2019 average of $2.70 per gallon.  That is nearly $80 more a month to fill-up a 15-gallon tank on a weekly basis, nearly $1,000 more per year.  

The Biden administration has taken credit for the decrease in the price of gas – even though the stated reason for the original increase in the price of gas was the “Putin Price Hike.”  The decrease in the price of gas is actually due to a reduction in demand, as Americans put off summer driving vacations, something many can no longer afford. In addition, the futures markets are worried about the US economy and a further decline in demand as the recession continues to take hold of the economy.  The strong dollar has also helped to drive down demand as well.

So, if the price of gas is down, what is driving 8.5 percent inflation? The two primary drivers are the cost of food and the cost of housing.

The “food at home category, which tracks the cost of groceries, surged 13.1% over the last year, the most significant increase since March 1979.”  This food inflation is hitting basic staples, not just champagne and caviar. Staples such as eggs are up 38 percent, chicken is up 16.6 percent, milk 15.6 percent, potatoes 13.3 percent, rice 12.7 percent, and fresh fruits and vegetables 8.2 percent.

The cost of shelter also continues to rise. “Shelter costs – which account for roughly one-third of the CPI…have climbed 5.7%” over the past year, the fastest since February 1991.

The impact on working-class Americans has been devastating, and the headlines are misleading. According to the U.S. Bureau of Labor Statistics, “nonfarm payroll employment rose by 528,000 in July and the unemployment rate edged down to 3.5%.”  The corporate media tells us that this is a huge success for Biden.  However, if you dig into the numbers, it is not all good news.  There are two disturbing statistics contained in the BLS report:

• “The labor force participation rate, at 62.1%, and the employment-population ratio, at 60.8%… remain below their February 2020 values.”
• “The number of persons employed part time for economic reasons increased by 303,000 to 3.9 million in July.  The rise reflected the increase in the number of persons whose hours were cut due to slack work or business conditions.”

This means that fewer people are participating in the workforce, which drives the unemployment rate down. And 3.9 million Americans are working at least two jobs just to make ends meet. This is unacceptable in the United States.

The impact of the poorly performing economy is starting to show in the data.

“Midyear 2022 U.S. foreclosure filings hit 164,581,” an increase of 153 percent from the same time period a year ago. In addition, car repossessions are exploding. According to Barron’s, vehicle repossessions have doubled among “prime” borrows, which includes “borrowers with good credit scores.” According to the same article, “most of the loans on recently repossessed cars originated in 2020 and 2021,” showing that much of the COVID stimulus money was spent on cars people could not afford.

Sadly, it doesn’t stop there. “An estimated 34 million US consumers, or roughly 13%, spent more than they earned in the past six months, underscoring how Americans are having difficulty managing their finances amid decades-high inflation.”  

According to the same article, 55.6 percent of Americans have less than $5,000 in savings.This also helps to explain the rapid growth in US consumer borrowing.

“US consumer borrowing surged in June, reflecting a jump in credit card balances and a record increase in non-revolving lending that includes auto and school loans.” The same report showed that “revolving credit outstanding, which includes credit cards, increased $14.8 billion. Non-revolving credit increases $25.4 billion.”

To summarize, we are in a situation where Americans are working multiple jobs, spending more than they earn, losing their homes and cars, eroding their savings, and borrowing more than ever. All of this at a time when, according to Biden, “we have zero inflation.”

It is likely to get even worse. The Federal Reserve is expected to “stick with hawkish rate hikes until data show further slowing in inflation,” with an increase of 50 or 75 basis points likely in September. This will make the exploding credit card debt more expensive to pay as interest rates rise and adjustable-rate mortgages more expensive, which will cause more foreclosures.

Working Americans are suffering tremendously at this time of “zero inflation.”

central pillar of the just-passed Inflation Reduction Act is $80 billion going to the IRS to hire some 87,000 new agents, doubling the current force, to chase down U.S. taxpayers who allegedly are not meeting their tax obligations.

The rationale is we have a large national budget deficit — that is, government is bringing in less money than it spends — so a larger army of IRS agents chasing down tax deadbeats will help solve our nation’s fiscal problems.

But part of this same new law in which U.S. taxpayers are asked to spend $80 billion to hire more IRS agents to shake down their neighbors who are supposedly not paying their fair share, there is $430 billion in new government spending, a large portion of which is earmarked for green energy projects of various shapes and forms.

At the same time that we’re expanding our army of tax collectors, we continue to expand government and spending at an even faster pace.

The Congressional Budget Office has just released its latest Long-Term Budget Outlook, and here we get a broader picture of the problem.

According to the report, “From 1972 to 2021, total federal outlays averaged 21% of GDP; over 2022-2052 period, such outlays are projected to average 26% of GDP.”

The Congressional Budget Office projects that government will take on average 5% more from our national economy in the next 30 years than it did on average over the last 50 years.

Looking at our GDP in 2022, roughly $25 trillion, at 26% of GDP, government spending will be over a trillion dollars more than it would have been at 21%.

A trillion dollars more in spending on average per year, with another 87,000 IRS agents running after taxpayers to make sure they pay up.

So, the bigger army of tax collectors is about helping raise money to finance ongoing expansion of government and increasing control of government over the lives of private Americans.

Why, as someone whose business is trying to improve the lives of low-income Americans, do I care about this?

Turning pages forward in the CBO report, we get to the really shocking information.

From 1992 to 2021, per CBO, the average growth of the U.S. economy was 2.4% per year. CBO projects that from 2022 to 2052 the average growth of the U.S. economy will be 1.7% per year.

This should shock every American, and it’s getting hardly any attention.

The more our national economy is controlled by government and politicians, the more sluggish will be growth of our economy.

It stands to reason. Growth comes from entrepreneurs, work, creativity. More government means less of all these things and slower growth.

Slower growth means lower income and less opportunity.

Anyone who cares about helping those who want to get ahead in America should be cheering for faster growth and less government rather than more government and slower growth.

Hoover Institution economist John Cochrane has pointed out that from 1950 to 2000, the U.S. economy grew at 3.5% per year. Real income per person went from $16,000 in 1950 to $50,000 in 2000. If the economy grew from 1950 to 2000 at 2% instead of 3.5%, notes Cochrane, income in 2000 would have risen to just $23,000 rather than $50,000.

It’s why, as someone who cares about helping low-income Americans get ahead and improve their lot, I care about a growing dynamic economy, not a bloated, sclerotic economy controlled by politicians and Washington special interests.

The so-called Inflation Reduction Act takes matters in the exact opposite direction in which we should be going. Pretending to care about the nation’s fiscal imbalances while adding $430 billion in new spending, all of it driven and defined by Washington special interests, is the problem, not the solution.

SOURCE: Right and Free

The Oregon Democrat warned that wealthy business owners could abuse the loan program. Financial disclosures suggest his wife did just that.

Oregon Democratic senator Ron Wyden warned early in the pandemic that wealthy business owners could abuse the Paycheck Protection Program. Financial disclosures suggest his wife did just that.

Nancy Bass Wyden, the multimillionaire owner of New York’s Strand bookstore, received $2.7 million in Paycheck Protection Program loans between 2020 and 2021 and nonetheless went on to lay off 180 employees. Small businesses were eligible for the federally forgiven loans on the condition that they used a majority of the funds to keep employees on the payroll. In October 2020, Bass Wyden told CBS News that the Strand would not rehire many of those employees and that the store would “have to give back part of the loan due to the forgiveness rules.”

But as of September of last year, the federal government had forgiven both loans, ProPublica reported. The Small Business Administration declined to comment and the Strand did not respond to the Washington Free Beacon’s requests for comments on the loans.

The Paycheck Protection Program came under fire in 2020 for shelling out millions to billionaire real estate investors. Other family members of Democrats also got in line for handouts, including the multimillionaire father of then-Senate candidate Jon Ossoff (D.) who scored as much as $1 million from the program. Businesses like the Strand were able to line their pockets and lay off dozens of workers without rehiring them as long as 60 percent of the money went to payroll expenses.

Wyden and a group of senators pushed then-Treasury Secretary Steve Mnuchin and Small Business Administrator Jovita Carranza in April 2020 “to develop strong supervisory mechanisms to identify instances of unjust enrichment” for the program.

“Every loan that provides a windfall for an applicant who does not truly need it results in one fewer loan made to a struggling small business owner whose employees could be truly helped by this funding,” the senators wrote in a letter.

Wyden’s wife refused to rehire many of the employees she fired even after the Strand received its PPP loans, leaving the bookstore “woefully understaffed,” according to the union that represents the workers. She pleaded with the public to purchase more books in late 2020, saying the store’s revenue had plummeted 70 percent and that loans and cash reserves were “depleted.” The Strand said it was “impossible” to rehire all staff even with the paycheck loan boost.

“The limited sales we make now plus the PPP loan are the only things keeping our staff paid,” a Strand spokesman told Vulture in March 2021. “So until in-store sales bounce back, this is the best we can do.”

Bass Wyden earned as much as $3 million in book sales during the layoffs, according to her husband’s annual financial disclosures. The Oregonian reported in 2011 the couple’s net worth is between $12 million and $56 million.

The couple purchased millions of dollars’ worth of stock in 2020 that appreciated substantially following lockdowns, including as much as $600,000 in shares of Amazon, a prime competitor with independent bookstores.

An inspector general’s report in May found many Americans took advantage of the PPP loans as the Small Business Administration had no plan to counter fraud. One former U.S. attorney dubbed the program “the biggest fraud in a generation.”

Bass Wyden inherited the Strand from her father Ben Bass. Her children are next in line to take control of the 90-year-old bookstore next, according to the Strand’s website.

SOURCE: The Washington Free Beacon

A former Internal Revenue Service (IRS) whistleblower has said that the Democrats’ Inflation Reduction Act (IRA) will see the government target middle-income Americans with increased scrutiny and audits.

William Henck previously worked as a lawyer for the IRS for 20 years until 2017, when he was terminated for allegedly revealing sensitive information to the media about how the IRS had reportedly failed to identify a multi-billion-dollar corporate tax credit scheme involving a source of energy known as burning pulp byproducts, or black liquor.

Speaking to Fox Business, Henck disputed claims by the IRS and other officials who have said that increased funding for the agency under the IRA, which is set to be signed into law by Joe Biden this week, would only lead to more audits for wealthy millionaires and billionaires and large corporations.

“The idea that they’re going to open things up and go after these big billionaires and large corporations is quite frankly [expletive],” Henck said in the interview on Aug. 15. “It’s not going to happen. They’re going to give themselves bonuses and promotions and really nice conferences.”

“The big corporations and the billionaires are probably sitting back laughing right now,” he said, adding that it was “insane” to double the IRS budget.

Henck also said he believes that the agency will go after businesses that don’t have enough money to hire Washington lobbyists.

‘Absolutely Not’ Being Used to Target Middle-Income Americans

The Democrat-controlled House passed the IRA in a strictly party-line vote on Aug. 12. It includes nearly $80 billion in IRS funding, including $45.6 billion for “enforcement.”

A Treasury Department report from May 2021 (pdf) estimated that such an investment would enable the agency to hire roughly 87,000 employees by 2031.

Amid mounting fears, the IRS has said it will “absolutely not” be using the extra money to increase audit scrutiny on small businesses or middle-income Americans.

IRS Commissioner Charles Rettig stated in a letter to members of the Senate on Aug. 4 that the extra resources will instead serve to help the agency in “challenging” areas such as audits of large corporate and global high-net-worth taxpayers.

“These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans,” Rettig wrote in the letter. “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.”

Treasury Secretary Janet Yellen and White House press secretary Karine Jean-Pierre have also doubled down on their rhetoric regarding reports about the extra funding being utilized to target middle-income Americans, stating that there would be no new audits for individuals earning less than $400,000 per year.

Henck disagrees.

‘Unlimited Resources And No Accountability’

“There will be considerable incentive to basically to shake down taxpayers, and the advantage the IRS has is they have basically unlimited resources and no accountability, whereas a taxpayer has to weigh the cost of accountants, tax lawyers—fighting something in tax court,” he told Fox Business.

“If you own a roofing company, you better count on getting audited because that’s what they’re going to be doing,” he continued. “They’re going to be going after your car dealerships, roofing companies.”

Henck’s comments come after the nonpartisan Congressional Budget Office (CBO) found that working-class Americans will end up paying billions of dollars in new taxes thanks to the IRA.

Republicans on the House Ways and Means Committee said on Aug. 12 that they had received the information from the CBO confirming that under the new legislation, lower- and middle-income Americans will pay an estimated $20 billion more in taxes over the next decade.

This confirms that “at least $20 billion of the $124 billion in new revenue expected by a supercharged IRS will be coming from higher audits on low- and middle-income Americans” and that this would be “in addition to existing audits on these income levels,” GOP lawmakers said in a statement.

The Epoch Times has not received a response for comment from the CBO.

Source: The Epoch Times

As Democrats take a victory lap after passing a bill that spends nearly $400 billion on green energy initiatives, Americans say they are less concerned about climate change than they were three years ago.

Only 35 percent of adults are “extremely or very concerned” about the effects of climate change on them personally, according to a poll from the Associated Press. In 2019, 44 percent of respondents said the same.

Fewer than half of respondents, 45 percent, said individual people have a large responsibility to fight climate change. Thirty-two percent of respondents said they were not concerned about the impact of climate change, and 33 percent said they were only “moderately concerned.”

The results come as Democrats celebrate Joe Biden’s upcoming signing of the Inflation Reduction Act. Although several studies show the bill will do nothing to lower inflation, which is at a 40-year high, the bill does provide the largest ever single investment in green energy and climate change mitigation. Because reports show the bill will do little to curb inflation, media outlets have begun referring to the Inflation Reduction Act as a climate and health bill. Yet that framing may not help Democrats sell its provisions to voters. Fewer Americans believe they have a direct impact on climate change than three years ago, the AP poll found. Roughly half said their actions have an effect on climate change, compared with the two-thirds who said the same in 2019.

The Inflation Reduction Act earlier this month passed both chambers of Congress, with every Democrat voting in favor. Biden is expected to sign the bill on Tuesday.

Many Democrats running in competitive races this November touted the bill’s provisions as evidence that the party is addressing voters’ concerns. But the AP poll found that Americans are far more concerned about rising consumer costs and economic issues than the environment. Fewer Americans cite the environment as a pressing issue than they did three years ago, the AP found.

In total, the Inflation Reduction Act earmarks $386 billion for green energy and climate change-related initiatives. One-hundred-sixty-one billion dollars of that money goes to clean electricity tax credits, while $36 billion goes to tax credits for electric cars.

Just 10 percent of respondents said they live in a household with solar panels or drive an electric car. Although nearly 75 percent of respondents said they are using energy-efficient appliances or reducing driving and air-conditioning use, the main reason was saving money rather than stopping climate change.

“I ran for president promising to make government work for working families again, and that is what this bill does—period,” Biden said this month.

Other than climate-change-related spending, the Inflation Reduction Act allocates $80 billion to double the size of the IRS’s workforce. Should the IRS find enough staffers to join the agency, it will employ more bureaucrats than the Pentagon, the State Department, the FBI, and the Border Patrol combined.

SOURCE: The Washington Free Beacon

Republicans on the House Ways and Means Committee say they have received information from the non-partisan scorekeeper at the Congressional Budget Office (CBO) challenging the Biden administration’s narrative that Americans making less than $400,000 a year won’t see higher IRS audit rates.

The remarks came in an Aug. 12 statement that was published as the Democrat-controlled House passed the Inflation Reduction Act, which includes nearly $46 billion in additional funding for IRS enforcement of the $80 billion or so total funding boost to the tax agency.

Committee Republicans said that the CBO statement they were provided with confirms that, under the new legislation, lower and middle-income Americans will be squeezed harder by the tax man to the tune of at least $20 billion.

‘Supercharged IRS’ Coming For Middle-Income Americans

This figure was arrived at by calculating how much less tax revenue would flow into government coffers if legislators had accepted amendment 5404 (pdf) proposed by Sen. Mike Crapo (R-Idaho) that explicitly called for none of the funds appropriated under the Inflation Reduction Act to be used to audit taxpayers making less than $400,000 a year.

“The Congressional Budget Office (CBO) confirms that had this amendment passed and lower- and middle-income taxpayers been protected, revenue in Democrats’ bill would have been reduced by at least $20 billion,” Committee Republicans said.

This confirms that “at least $20 billion of the $124 billion in new revenue expected by a supercharged IRS will be coming from higher audits on low- and middle-income Americans” and that this would be “in addition to existing audits on these income levels.”

The Epoch Times has reached out to the CBO with a request for confirmation of the scorekeeper’s assessment and comment, with no response received by publication.

‘Absolutely Not’ Increasing Audit Scrutiny?

Republicans said the CBO statement proves that members of the Biden administration are misleading the public by claiming that lower and middle-income Americans won’t face additional tax audits.

Treasury Secretary Janet Yellen has insisted Republican claims that tax auditors will target lower and middle-income Americans at higher rates are false and politically motivated.

“I direct that any additional resources—including any new personnel or auditors that are hired—shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels,” Yellen said in an Aug. 10 letter to IRS Commissioner Charles Rettig.

“This means that, contrary to the misinformation from opponents of this legislation, small business or households earning $400,000 per year or less will not see an increase in the chances that they are audited,” she added.

The IRS chief, too, has insisted that the tax agency would “absolutely not” be increasing audit scrutiny on small businesses or middle-income Americans relative to “recent years,” according to a letter to members of the Senate on Aug. 4 (pdf).

More Audits ‘Almost Certain’

A previous CBO analysis indicated that, under basically the same funding plan as is featured in the Inflation Reduction Act, audit rates would be restored to levels around 10 years ago and that audit rates would rise “for all taxpayers,” though ones with higher incomes would face the biggest increase.

IRS audit rates have fallen sharply over the past decade, with the Government Accountability Office (GAO) saying in a report that rates in 2019 were about one third of those in 2010 for all income groups, dropping from 0.9 percent down to 0.25 percent.

A CBO estimate (pdf) shows that that the additional $80 billion in funding will bring in around $204 billion in new revenues, including from enforcement.

Despite Yellen’s and Rettig’s insistence that audit rates wouldn’t jump for those making under $400,000, Rachel Greszler, senior research fellow at the Grover M. Hermann Center, wrote in an op-ed for the Heritage Foundation that this is likely not the case.

“Despite the Biden administration’s claims, it’s almost certain that households making less than $400,000 a year would face increased audits under Democrats’ bill,” Greszler wrote.

“And despite estimates from official congressional scorekeepers that the Schumer-Manchin-Biden tax increase indeed would raise taxes on those Americans, the administration has doubled down on the claim,” she added.

Rep. Kevin Brady (R-Texas) said on the House floor that the way Democrats can manage to raise $200 billion in new tax revenues is “with thousands of new agents targeting what I would call Walmart shoppers.”

“They’re real hard working American families. They are my constituents, they are my neighbors in my district. They’re living paycheck to paycheck, struggling with inflation and high gas prices,” Brady said.

“They will be hit with over 700,000 new audits thanks to a skyrocketing surge in IRS agents,” he added.

“Higher taxes, harassing IRS audits on our Walmart shoppers, no relief from inflation—all as America battles a recession,” Brady said.

The Inflation Reduction Act passed in a strictly party-line vote on Aug. 12, with the bill next heading to Joe Biden’s desk for final approval.

SOURCE: The Epoch Times

More than a third of Americans have drawn on their savings accounts to handle rising prices, taking out hundreds of dollars on average, according to a recent survey by New York Life Insurance Company.

Since January, 36 percent of Americans have drawn an average of $617 from their savings to pay their bills, the company found. Nearly 90 percent of those surveyed expressed anxiety that a recession is approaching, and roughly a third reported being “uncertain” or “anxious” about their personal finances. Respondents cited monthly bills, health care costs, grocery prices, and gas prices as their areas of greatest financial concern.

Voters overwhelmingly blame Joe Biden for the state of the economy. Sixty-four percent of Americans, including 53 percent of Democrats, believe the president’s policy decisions are to blame for soaring costs. While White House officials boasted this week about slowing inflation, prices are still up 8.5 percent from last year, with that number even higher in several key swing states.

Americans are not replenishing their savings accounts as they drain them. The personal savings rate, or the proportion of income people don’t spend or lose to taxes, more than halved between July 2021 and June 2022, falling from 10.5 percent to 5.1 percent. 

To make up for tightening purse strings, Americans are increasingly turning to debt. Americans’ collective credit card debt jumped to $890 billion last quarter, marking the largest yearly increase in two decades. The number of credit cards also hit an all-time high in the second quarter, with more than 500 million in circulation. 

SOURCE: The Washington Free Beacon

A Congressional Budget Office report found that the Internal Revenue Service will collect billions of dollars from auditing low- and middle-income Americans under the White House-backed “Inflation Reduction Act,” contradicting Biden administration claims, according to Republicans on the House Ways and Means Committee.

Fox News confirmed the report, finding the CBO informed congressional Republicans that, under the act, audits of taxpayers making under $400,000 will account for about $20 billion in additional revenue.

The news comes after high-ranking Biden administration officials, including Treasury Secretary Janet Yellen and Press Secretary Karine Jean-Pierre, assured Americans that the IRS would not increase audits of people earning under $400,000. The Inflation Reduction Act, which on Sunday passed the Senate, allows the IRS to hire up to 87,000 new agents, making it larger than the Pentagon, the State Department, the FBI, and the Border Control combined. Democrats shut down an amendment that would have prevented agents from increasing audits on middle- and low-income Americans.

The bill is expected to pass the House on Friday.

News of the CBO report also comes as the University of Pennsylvania’s Wharton School of Business found the bill will have an “impact on inflation [that] is statistically indistinguishable from zero” even as it raises taxes on Americans and decreases GDP for the next decade.

Republican lawmakers have pushed back against the bill, with Sen. Tom Cotton (Ark.) saying that “only the Democrats would call a bill that doubles the size of the IRS, raises taxes, and spends billions on a green energy slush fund the ‘Inflation Reduction Act.'”

SOURCE: The Washington Free Beacon

WARNING: Disturbing content. Viewer discretion is advised.

The Oxford English dictionary defines meme as “a humorous image, video, piece of text, etc., that is copied (often with slight variations) and spread rapidly by internet users.” Depending on how rotten your brain is from prolonged exposure to social media, you may or may not be aware that we are in the midst of a “meme war” that will ultimately determine the fate of American democracy.

One of the most significant new developments in this raging conflict is the emergence of the “Dark Brandon” meme, which portrays Joe Biden as a laser-eyed Machiavellian overlord skilled in the art of four-dimensional political chess. It also seeks to expropriate the “Brandon” moniker from Biden’s critics, who embraced the phrase “Let’s Go, Brandon!” in 2021 after a filthy NASCAR journalist falsely claimed that fans at Talladega were chanting in support of winning driver Brandon Brown. (Fact Check: They were chanting, “F— Joe Biden!”)

In any event, the Washington Free Beacon has exclusively obtained a number of avant-garde “Dark Brandon” memes created with the help of cutting edge artificial intelligence technology. Bear in mind: The mainstream media does not want you, the American people, to see these humorous images. Enjoy!

Source: The Washington Free Beacon

Billionaire tech mogul Elon Musk posted an ironic message on Twitter mocking Democrats’ efforts to give the Internal Revenue Service (IRS) an $80 billion cash injection amid swirling fears the money might be used to hire legions of tax auditors that would target middle-income Americans with audits.

“When the country that revolted over taxes hires 87,000 new IRS agents,” reads the message in Musk’s meme, which was placed above a photo of a laughing British Army officer from a movie.

Fate 🖤 Irony pic.twitter.com/RHZ9BEws7k

— Elon Musk (@elonmusk) August 11, 2022

“Fate 🖤 Irony,” reads Musk’s caption, with the message apparently rooted in the idea that boosting funding for tax authorities—part of which will be used for enforcement—runs afoul of principles that underpinned America’s founding, like freedom from government intrusion.

Despite repeated insistence by Biden administration officials that the Inflation Reduction Act’s funding boost for the IRS would not be used to increase audit rates among American households making under $400,000 per year, critics of the bill have warned that exactly that might happen.

Tax Crackdown on Middle America?

Republicans have speculated that the money would be used to hire tens of thousands of IRS agents while arguing that their enforcement efforts would target ordinary Americans.

“Democrats in Washington plan to hire an army of 87,000 IRS agents so they can audit more Americans like you. That’s more than the entire population of Joe Biden’s hometown of Scranton,” House Minority Leader Rep. Kevin McCarthy (R-Calif.) said in an Aug. 11 statement, which comes as Democrats in the House get ready to give their final seal of approval to the big spending measure, with an estimated price tag of roughly $700 billion.

While the bill itself makes no mention of specific hiring targets, a Treasury Department report from May 2021 (pdf) estimated that an investment roughly the size of the one in the Inflation Reduction Act would enable the IRS to hire around 87,000 employees across a range of positions by 2031.

The 87,000 figure was also cited by Grover Norquist, president of the Americans for Tax Reform, in a recent interview on Fox News.

“They want to take $80 billion from taxpayers, $80 billion and hire 87,000 more bureaucrats in the IRS. They’re going after small businesses. The IRS itself says they’re going to dramatically increase how they go after independent contractors and small businesses, not General Motors, smaller businesses. That’s where they think they’re going to make their money,” he told the outlet.

No Targeting of Middle-Income Americans, Democrats Say

Treasury Secretary Janet Yellen insists Republican claims that tax auditors will target middle-income Americans are false and politically motivated.

She said in an Aug. 10 letter to IRS Commissioner Charles Rettig that the “much-needed” funding would be used to modernize outdated technological infrastructure, improve taxpayer service, and enforce tax laws against high-earners and big corporations that don’t pay what they owe in taxes.

Yellen vowed that audit rates wouldn’t increase for households making less than $400,000 per year.

“Specifically, I direct that any additional resources—including any new personnel or auditors that are hired—shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels,” Yellen said.

“This means that, contrary to the misinformation from opponents of this legislation, small business or households earning $400,000 per year or less will not see an increase in the chances that they are audited,” she added. (Then why did my friend with a 30K annual salary have to file a W9 because he sold just over $600 of gifts on eBay to make ends meet? How many people making over $400K a year would even bother to sell anything on eBay? Give me a break!! [US Patriot])

The IRS chief, too, has insisted that the tax agency would “absolutely not” be increasing audit scrutiny on small businesses or middle-income Americans (Too late. See above [US Patriot]), according to a letter to members of the Senate on Aug. 4 (pdf).

Democrats have argued that the funding is needed to crack down on wealthy tax dodgers.

The Congressional Budget Office estimates that the funding boost to the IRS is expected to bring in $203.7 billion in revenue from 2022 to 2031.

SOURCE: The Epoch Times