Half Of Americans Are Concerned About The New IRS Overhaul

(FiveNation.com)- A recent poll finds that some voters are very concerned that the increased funding and staffing for the IRS included in the so-called “Inflation Reduction Act” will increase the number of audits.

In a Morning Consult/Politico poll released last Wednesday before the House passed the bill, 45 percent of respondents said they are very worried that adding $80 billion in funding and hiring an additional 87,000 IRS agents will result in an increase in audits among those making less than $400,000 a year.

Surprisingly, the majority of respondents, 56 percent, said they weren’t concerned, which is a good indication that this poll is garbage.

There are fewer than 1,000 billionaires in the United States. To believe that the IRS needs to hire 87,000 more IRS agents to audit fewer than 1,000 people takes a heck of a lot of wishful thinking.

Then again, it takes a lot of wishful thinking to believe that spending another $700 billion will “reduce” inflation.

Fortunately, most Americans aren’t that stupid.

A recent YouGov poll found that only 12 percent of respondents believe the “Inflation Reduction Act” will reduce inflation. Most, 36 percent, think it will make inflation worse while another 23 percent think it won’t have any effect on inflation at all.

During his show on the First TV last Wednesday, host Jesse Kelly interviewed former investment banker Carol Roth, the author of the book “The War on Small Business” who discussed the Biden administration’s claims that the added IRS agents are only targeting “billionaires.”

Roth warned that small businesses and individuals who earn money selling things on Esty and eBay are the more likely target of this new army of agents.