expanded Biden IRS audits will mainly hit small and medium size businesses

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expanded Biden IRS audits will mainly hit small and medium size businesses

Published: Saturday, May 20th, 2023 @ 4:17 pm
By: John Steed ( More Entries )

The falsely named "Inflation Reduction Act" rammed through by the Democrats will lead to greatly expanded IRS audits, and those will fall heavily on small and medium sized business. An audit is an expensive and time consuming headache for those impacted even if the IRS finds nothing wrong. When they do find something they say is wrong, they are often not right about it, as the IRS loses about half the cases that go to tax court.

Biden's so-called "inflation Reduction Act" appropriated $46 Billion for an army of new IRS auditors. Fortunately, Speaker McCarthy's debt cailing legislation eliminates these extra IRS stormtroopers from the budget. Biden is demanding they stay in the budget.

Recent testimony by experts in Congress has confirmed that these expanded IRS audits will mainly hit small and medium sized businesses. That is consistent with the Biden regime's tilt to big woke corporations.

https://www.zerohedge.com/political/irs-audits-will-impact-small-midsize-businesses-expert-testifies

Meanwhile, it looks more and more likely that the IRS and DOJ will let Hunter Biden off the hook on mulitple probable counts of felony tax fraud.

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Rino Hunter said:

( May 20th, 2023 @ 5:01 pm )

RINOs Thom Tillis and Mitch McConnel played a significant role in saddling America with this ourrageous "Inflation Reduction Act". They did so in colluding with Biden to help him pass his fake "Infrastructure" bill through the regular legislative process, letting him get cloture on that so he did not have to use his "budget reconilliation" slot for that bill, That allowed him to keep that slot to use to get the fake "Inflation Reduction Act" passed by using the budget reconcilliation process. Without the collusion of Tillis, McConnell and other RINOs on the phony "Infrastucture" bill, Biden would have had to have used his "reconcilliation" slot for it and not had it available for the Infration Reduction Act.

Thanks a whole hell of a lot, Thom and Mitch. See you in the primary, Thom.

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