Joe Biden just can’t stop lying about his policies that have crushed the American people.
How long has he been telling us that he only wants to go after the “rich” people with his phalanx of thousands of new IRS agents? A long time it seems. Anyone who knows Joe Biden knows what malarkey his claim truly is and we’ve pointed out some of the lies surrounding this claim in the past.
But Treasury Secretary Janet Yellen finally admitted under grilling on Friday by Rep. Adrian Smith (R-NE), the Chairman of the House Ways and Means Trade Subcommittee, that 90 percent of the new audits were going to be on families and small businesses — lower and middle-income people making under $400,000, and not on “billionaires and tax cheats,” as Joe Biden has claimed.
🚨🚨Secretary Yellen just admitted before @WaysandMeansGOP that 90% of new audits under the Inflation Act will be on families and small businesses, not "billionaires and tax cheats."
— Rep. Adrian Smith (@RepAdrianSmith) March 10, 2023
Smith’s grilling revealed what deceitful characters the Biden people are.
“There’s been confusion about the meaning of the directive that you cited in the letter last August and then repeated here today,” Smith told Yellen, referencing her August 2022 letter in which she directed that the IRS shall not use new personnel or auditors “to increase the share of small businesses or households below the $400,000 threshold that are audited relative to historical levels.”
Yellen’s letter stated that “contrary to the misinformation from opponents of this legislation, small business or households earning $400,000 per year or less will not see an increase in the chances that they are audited.”
Ah, no increase. That’s good, right? Then it’s not targeting us poor schnooks (even though it’s still wrongly targeting people for making more). Not quite. Read on, there’s a problem there.
The Government Accountability Office (GAO) has said that the majority of IRS audits fall on people/businesses below $400,000.
So Smith asked what are they talking about when they’re talking about “will not see an increase” — did she mean the total number of new IRS audits or a proportionate number based on historic levels?
“I’m talking about the proportion of those small businesses and families,” Yellen responded.
“Okay. So the proportion, I mean, just for the record, the proportion is 90%,” said Smith, referencing the GAO report. “So 90% of the new audits will be, you know, according to the data, that we can expect up to 90% of new audits to be on those making less than $400,000.”
Oh, so they were playing word games with us. They’re still going to have 90 percent of the new audits falling on us. What weasels. Not that we didn’t know that Joe was lying, but they are such slimy liars, particularly playing these word games.
Meanwhile, let’s listen to Joe Biden chuckle as he talks about who the IRS agents are going to be going after.
BREAKING: Joe Biden awkwardly laughs again. This time about IRS agents going after Americans.
I know what some of you are thinking. Why not put more border agents at the border? Or schools resource officers in schools?
— Mike Sperrazza (@MikeASperrazza) March 10, 2023
Biden does that weird whispering thing again saying the IRS agents are going to check out the accounts of the “superwealthy.” Sorry, Joe, Yellen just gave up the game, you can’t sell that lie anymore.
“I don’t know,” Biden says about the Republicans objecting to this. “We just have a very different value set.” You can say that again.