by Monica Showalter
Just how bad is the Biden administration’s and Democrat Congress’s grossly misnamed “Inflation Reduction Act” of 2022?
The Wall Street Journal has a shocking lead editorial titled “The IRS Is About to Go Beast Mode” about the particulars of its $80-billion expansion of the IRS:
The $80 billion is more than six times the current annual IRS budget of $12.6 billion. The money will be ladled out over nine years and comes with few strings attached. The main Democratic command is for the tax agency to bring the hammer down on taxpayers.
The bill earmarks $45.6 billion for “enforcement,” including “litigation,” “criminal investigations,” “investigative technology,” “digital asset monitoring” and a new fleet of tax-collector cars. The result will be far more audits, civil suits and criminal referrals.