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Biden Laughs At IRS Auditing Americans – Watch

Biden Laughs At IRS Auditing Americans – Watch

Joe Biden has been lying to the American people for some time now about his policies, claiming that he only wants to target the “rich” with thousands of new IRS agents. But Treasury Secretary Janet Yellen just revealed under grilling by Rep. Adrian Smith (R–NE), the Chairman of the House Ways and Means Trade Subcommittee, that this is simply not the case.

Yellen’s August 2022 letter stated 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.” But Smith’s grilling revealed that this is not entirely true. Yellen admitted that the majority of these new IRS audits would be on families and small businesses earning under $400,000 — lower and middle–income people — and not on “billionaires and tax cheats” as Joe Biden has been claiming.

The Government Accountability Office (GAO) reported that the majority of IRS audits fall on people/businesses below $400,000, so Smith asked what Yellen meant when she said there would be “no increase” — did she mean the total number of new IRS audits or a proportionate number based on historic levels? Yellen revealed that she was talking about a proportion of those small businesses and families and that 90% of the new audits will be on those making less than $400,000.

Biden and his team are playing word games and trying to mislead the public to push through their agenda. Biden continues to chuckle and make light of the situation, claiming that Republicans just have a “very different value set,” but this is a serious matter that they are not taking seriously. It’s wrong to target people and small businesses who are already struggling financially, and it’s wrong to lie about it. Joe Biden must be held accountable for his lies and deceptive tactics.

Written by J. Lynne - March 12, 2023