The Republicans won the budget showdown

[Loren Pechtel]

(Meterwalled)

https://www.washingtonpost.com/opinions/interactive/2023/irs-enforcement-costs-congress-funding/

So what do these numbers tell us about Congress’s decision to claw back money from the IRS? They suggest that existing projections for long-term costs likely underestimate the massive hole this policy will blow into federal budgets.

For every additional dollar spent auditing people in the top decile of the income distribution, the government can expect to get 12 times that amount back.

The Republicans took $20B from the IRS. Over the years that's $240B they saved their supporters.

 

[James Brown]

They've made "Defund the Police" their new slogan.

Tax police, that is. Auditors who pursue and catch criminals, those breaking the laws set by Congress on how much tax we all have to pay.

"I can't beat you in a foot race. Improving my running skills is too hard, so I'm just going to shoot you in the foot instead."

 

[ZiprHead]

The title seems a little click baity compared to the content of the thread.

 

[Spacetime Inhabitant]

In fact, the title is completely wrong, as I saw elsewhere that President Biden totally outmaneuvered the GOP because they wanted IIRC 80 billion taken from the IRS over a ten year period, thinking of course that would be 8 billion a year, but Biden deferred the reduction to the final year of that period.

 

[Gospel]

Tax police, that is. Auditors who pursue and catch criminals, those breaking the laws set by Congress on how much tax we all have to pay.

Nope, you have politicians all wrong. Crippling the IRS further removes the possibility that the IRS will have the funds to pursue (even though they already hardly do) their wealthy donors for tax trickery.

 

[Loren Pechtel]

In fact, the title is completely wrong, as I saw elsewhere that President Biden totally outmaneuvered the GOP because they wanted IIRC 80 billion taken from the IRS over a ten year period, thinking of course that would be 8 billion a year, but Biden deferred the reduction to the final year of that period.

I'm saying they won because they got what they really wanted--not taxing the rich donors.

 

[laughing dog]

The GOP may have won something, but America lost.