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 [President] 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.
By Tom Ozimek
Read Full Article on TheEpochTimes.com
