They’re coming for you. The Democrats have declared war on every American citizen.
Quick note: Tech giants are shutting us down. You know this. Twitter, LinkedIn, Google Adsense, Pinterest permanently banned us. Facebook, Google search et al have shadow-banned, suspended and deleted us from your news feeds. They are disappearing us. But we are here. We will not waver. We will not tire. We will not falter, and we will not fail. Freedom will prevail.
Subscribe to Geller Report newsletter here — it’s free and it’s critical NOW when informed decision making and opinion is essential to America’s survival. Share our posts on your social channels and with your email contacts. Fight the great fight.
Remember, YOU make the work possible. If you can, please contribute to Geller Report.
New Democrat Scheme Hires 87,000 new IRS Agents to Investigate Every American with More than $600
And They’re Coming for Your Money…
By: Michael Brigham | American Action News, September 27, 2021:
Claiming a supposed “tax gap” between what Americans owe and what they pay, a new proposal by President Joe Biden and congressional Democrats would spend $80 billion to create as many as 87,000 new federal “enforcement and compliance” agents to investigate any financial transaction involving more than $600 and create a federal database to record and monitor Americans’ financial activities.
“Democrats want to give the IRS $80 billion and hire 87,000 new agents so they can harass and audit taxpayers and create a new reporting regime that targets any bank account, Venmo account, or financial account exceeding $600 in gross inflows and outflows,” said Grover Norquist, President of Americans for Tax Reform. “This should be alarming given the IRS has a long history of failing to do its job and targeting taxpayers based on their political beliefs.”
“Congressional Democrats’ answer to Americans’ frustrations with the IRS is to hire more tax bureaucrats to audit them,” said Ryan Ellis, President of the Center for a Free Economy.
“People are fed up with being told they are tax cheats by academics and bureaucrats who have never signed the front of a paycheck, and that they must become the subject of fishing expedition audits in service to a fabricated ‘tax gap,'” said Ellis. “Congress should focus on getting the IRS to answer phone calls and correspondence in a timely manner, not on new audits.”
Congressional Republicans are responding by proposing the “TaxGap Reform and IRS Enforcement Act.”
“Before American taxpayers are subjected to 80,000 new IRS agents and surveillance of their private bank accounts, let’s begin with an accurate, independent estimate of Treasury’s so-called ‘tax gap,'” said House Ways and Means Republican Leader Kevin Brady (R-Texas.) “This bill also protects taxpayers from IRS targeting based on their political or religious beliefs and closes loopholes that risk leaking private taxpayer returns.”
“The IRS financial institution reporting requirement forces financial institutions to turn over detailed bank account information to the IRS based on vague and ‘flexible’ criteria, such as a $600 threshold and account inflows and outflows, which are determined by the IRS,” said U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho.)
“This time-draining burden disregards banking privacy in order to squeeze more resources out of responsible Americans and entrepreneurs. It subjects law-abiding Americans to more intense targeting from the IRS and additional data collection, a concern that was recently amplified by a leak of private taxpayer information out of the IRS. I have long been critical of big data collection activities, and oppose turning banks and brokers into government tax collectors,” said Crapo.
“My amendment prevents the undue monitoring and reporting of sensitive American taxpayer information to the IRS by financial institutions about deposits and withdrawals made by any individual or business,” said Crapo.
Key provisions of the TaxGap Reform and IRS Enforcement Act:
Tax Gap Reform: Requires timely, annually-updated information on tax gap estimates in coordination with the Joint Committee on Taxation.
Taxpayer Protection: Prevents the IRS from targeting Americans for their political and ideological beliefs, codifies President Biden’s pledge to not increase audits of taxpayers making less than $400,000 per year, and prohibits the establishment of new bank reporting requirements.
Smarter Enforcement: Requires the IRS to use existing data and tools to improve its corporate audit selection process and increase enforcement against high-income non-filers.
Closes the Expertise Gap: Creates an IRS enforcement fellowship pilot program to assist with the agency’s most complex audits and case selection decisions. Before hiring thousands of new agents, Congress should test the effectiveness of increasing expertise in a targeted way.
Original Senate co-sponsors include John Barrasso (R-Wyoming), Mike Braun (R-Indiana), John Boozman (R-Arkansas), Bill Cassidy (R-Louisiana), Kevin Cramer (R-North Dakota), James Lankford (R-Oklahoma), Lisa Murkowski (R-Alaska), Mike Rounds (R-Nebraska), Marco Rubio (R-Florida), Thom Tillis (R-North Carolina) and Todd Young (R-Indiana).
To date there is no serious effort by congressional Republicans to abolish the federal income tax and IRS.
The Truth Must be Told
Your contribution supports independent journalism
Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won’t get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won’t put up a paywall. Because never has the free world needed independent journalism more.
Everyone who reads our reporting knows the Geller Report covers the news the media won’t. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left’s war on freedom. Our readers’ contributions make that possible.
Geller Report’s independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.
Please contribute here.
Make a monthly commitment to support The Geller Report – choose the option that suits you best.
Read More Feedzy