Ways and Means By Chairman Jason Smith
WASHINGTON, D.C. – President Trump is answering Americans’ fears of a supercharged Internal Revenue Service (IRS) with an executive order halting the hiring of federal employees until his Administration determines that it is in the national interest to do so. This includes curtailing the onboarding of tens of thousands new IRS agents called for by Democrats in the so-called Inflation Reduction Act. In supporting the President Trump order, Ways and Means Chairman Jason Smith (MO-08) issued the following statement:
“President Trump’s cease-and-desist order to the IRS is a crucial first step to helping middle-class Americans and small businesses living in fear of 87,000 new IRS agents targeting them with new audits and monitoring their personal transactions. Democrats have said all along that they will ramp up audits on Americans every year to squeeze as much revenue out of them as possible. A return to ‘historical audit levels’ as sought by Democrats means 600,000 more families making less than $75,000 would be hit with an IRS audit.
“Even the Treasury Inspector General for Tax Administration revealed that the agency had put zero safeguards in place for low- and middle-income taxpayers to protect them from audits, despite having had two years to do so. So the American people elected President Trump to be that safeguard, and he is stopping this scheme dead in its tracks.
“And it’s a good thing, too: More invasive audits from the tax collector would be ripe for abuse given that the agency has been out of control. Not only has the agency been providing political cover for Democrats by delaying and now phasing in an unpopular 1099-K reporting scheme where 90% of the burden falls on taxpayers making less than $200,000 and targets gig workers and small businesses, but activists at the IRS leaked sensitive data about political opponents — including President Trump himself. The Biden Justice Department sought only a slap on the wrist as punishment, which would hardly deter future criminal behavior…
READ FULL ARTICLE HERE… (waysandmeans.house.gov)
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