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submitted 4 days ago by jeffw@lemmy.world to c/news@lemmy.world
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[-] jjjalljs@ttrpg.network 205 points 4 days ago

A 2021 report from the Congressional Budget Office indicated that the $80 billion in added IRS funding over 10 years would yield approximately $200 billion in added tax revenue without raising taxes. The Biden administration this week said $140 billion would be added to the debt over a decade due to the cuts, per the Washington Post.

Anyone who says republicans are good at the budget and national debt should be laughed out of the room.

They are the worst of people and I pray that saint luigi will visit them.

[-] kautau@lemmy.world 73 points 4 days ago* (last edited 4 days ago)

The IRS started using their bigger budget to go after the wealthy and fight their lawyers instead of just nickel and diming the classes that can’t afford to fight back, can’t have that

[-] acockworkorange@mander.xyz 29 points 4 days ago* (last edited 4 days ago)

It’s a classic CEO move though: cut the workforce and expect the numbers to go up.

[-] Asafum@feddit.nl 41 points 4 days ago

That's not why they did it though.

The extra funds that were recently given to the IRS that had Republicans screaming they're coming for you Johnny America! were ment to give the IRS the means to actually go after the wealthy who have methods of evading taxes so complex that typically the IRS can't afford to spend the time chasing so they just focus on us poors.

Republicans obviously cant have the ownership class actually pay taxes like the rest of us or they wouldn't be Republicans.

[-] acockworkorange@mander.xyz 6 points 4 days ago

My analogy was rather cryptic. What I meant was that they were doing cuts on the very mechanism that generates revenue, just like a CEO doing a mass layoff.

[-] vk6flab@lemmy.radio 163 points 4 days ago

No points for guessing who benefits most from a reduced IRS budget ..

[-] Death_Equity@lemmy.world 70 points 4 days ago

Is it illegal immigrants on welfare?

[-] Sludgehammer@lemmy.world 81 points 4 days ago

Well I know of at least one illegal immigrant who's getting billions in government subsidies.

[-] hddsx@lemmy.ca 20 points 4 days ago

Out of utter curiosity, how does someone who has overstayed their visa become a citizen? I thought overstaying a visa automatically throws up red flags

[-] adarza@lemmy.ca 33 points 4 days ago

perjury. lying on immigration paperwork. an act that could and should get his naturalized status stripped, him kicked-out, and then banned from re-entry.

[-] TachyonTele@lemm.ee 20 points 4 days ago* (last edited 4 days ago)

This is my new favorite bedtime story. Thank you

[-] Zier@fedia.io 9 points 4 days ago

You pay for citizenship. Money.

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[-] Drusas@fedia.io 10 points 4 days ago

It's illegal immigrant billionaires. Partly.

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[-] ininewcrow@lemmy.ca 23 points 4 days ago

The dumb part is ..... the US has to somehow finance a big giant monster of a military .... if billionaires and millionaires stop paying taxes where the hell will the money come from? Taxing the poor and middle class more won't even pay for all their expenses.

The wealthy want it all and think they can get poor people who have no money to pick up the slack.

I'm no economist but it's pretty plain to see that none of this makes sense.

[-] SlopppyEngineer@lemmy.world 23 points 4 days ago

That's generally how the big powers from the past died: they get hollowed out from the inside by the elite our of greed. Then there is one or more external shock (pandemics, climate, war, disasters, resource depletion or agriculture problems are a few classics) that it can't handle anymore and things collapse. It looks things are following that well-worn path. China is even counting on this and aims to be the next big power.

[-] kautau@lemmy.world 13 points 4 days ago

Yup, when you slowly hollow out the pyramid until there’s nothing supporting the top, the pyramid collapses

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[-] regdog@lemmy.world 96 points 4 days ago

Cutting money to the only government agency that can actually turn a decent profit, in order to save money. How very republican.

[-] Qwaffle_waffle@sh.itjust.works 1 points 1 day ago

Hmm, I wonder if we could make a public business for auditing, and work with the IRS. Full transparency and stuff maybe. I don't know how much work this is, but apparently there's a bucket of money to be made for getting it back, just make it a percent amount of recovered funds?

Open to thoughts, or if this already exists - let me know.

[-] AngryCommieKender@lemmy.world 19 points 3 days ago* (last edited 3 days ago)

USPS ~~turns~~ might turn a profit now that the ridiculous rules that republicans put in to try to bankrupt it have been revoked.

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[-] rayyy@lemmy.world 60 points 4 days ago

So, Republicans are no-so-quietly saying that everyone should cheat on their taxes, or is this just for the rich?

[-] prole@sh.itjust.works 56 points 4 days ago

Always just for the rich. When they reduce IRS funding, they audit low hanging fruit because it's much cheaper

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[-] Zier@fedia.io 83 points 4 days ago

Anyone who makes $100,000 (gross) in wages, or less should not have to pay Federal taxes. Wealthy corporations, citizens, and all churches should be paying their fair share of all taxes.

[-] rayyy@lemmy.world 26 points 4 days ago

Churches should get tax deduction for money spent on real charity, however they should pay taxes on money received and spent on everything else - looking at those mansion homes, expensive cars and private jets.

[-] prole@sh.itjust.works 23 points 4 days ago

Churches should get tax deduction for money spent on real charity

As long as this shit is actually audited, because they 1000% will cheat on this.

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[-] UltraGiGaGigantic@lemmy.ml 6 points 3 days ago

"But anti women's choice billboards IS charity!"

Ugh, fuck these shitters.

[-] Lennny@lemmy.world 5 points 3 days ago* (last edited 3 days ago)

Tax churches and suddenly charity might not be required after all....

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[-] irotsoma@lemmy.world 84 points 4 days ago

To avoid the debt getting too large, let's stop funding the agency that brings in the most income.

[-] iamjackflack@lemm.ee 41 points 4 days ago

It’s because the rich are being taxed. They have to do something about it

[-] Kbobabob@lemmy.world 13 points 4 days ago

It’s because the rich are being ~~taxed~~ audited. They have to do something about it

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[-] marx2k@lemmy.world 23 points 3 days ago

Couldn't have been accomplished without democrats

[-] GroundedGator@lemmy.world 18 points 3 days ago

Not Republicans. Congress did. The bill only passed because of a bipartisan vote.

[-] shiroininja@lemmy.world 59 points 4 days ago

It’s funny because the IRS was instrumental in a 300 pervert roundup by tracking Bitcoin transactions, some of them government workers. I wonder why they’d want to cut that.

[-] jeffw@lemmy.world 18 points 4 days ago

lol if you think Republicans want to protect government workers

[-] Stovetop@lemmy.world 25 points 4 days ago

They just want to protect perverts

[-] kautau@lemmy.world 10 points 4 days ago* (last edited 4 days ago)

Also their financial advisors and investors have found a much easier way to hide money through crypto, so they can’t have the IRS being “inefficient” by going after unpaid taxes of the wealthy

[-] Snapz@lemmy.world 19 points 3 days ago

Realize the new tactic, trump admin will have the group of secondary goons fighting in public over multiple concepts, they'll wait to see where public sentiment falls (or more likely how the money feels), and then trump will jump on the bandwagon and "punish" the face of the "losing" side as if he was for the "winning" side all along.

In the meantime, heritage foundation directed gop will use every second of the distraction to quietly pass bad law.

Examples:

  • they just quietly defunded the department that tracks and reports on foreign propaganda efforts after musk just attacked it publicly link

  • And they just gutted $20b from the IRS that could be used to audit millionaires and billionaires - the IRS famously brings in more money for every dollar funded into the service link

[-] eran_morad@lemmy.world 25 points 3 days ago

As if by design...

[-] RoidingOldMan@lemmy.world 38 points 4 days ago

The party super concerned about the debt is also the one who wants to defund their only source of income. Brilliant.

[-] eran_morad@lemmy.world 19 points 4 days ago

They feign concern about the national debt. For my entire lifetime they’ve done nothing but run up the debt.

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[-] Diplomjodler3@lemmy.world 29 points 4 days ago

But don't worry. They'll still have enough resources to go after ordinary people.

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this post was submitted on 29 Dec 2024
525 points (99.1% liked)

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