Wealthy tax cheats set to benefit from Republicans' defunding of IRS

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Wealthy tax cheats set to benefit from Republicans' defunding of IRS
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Experts tell Newsweek that repealing the funding for 87,000 IRS agents will make it easier for people to evade taxes.

Biden could also use his veto powers to block any attempts for the GOP to dissect his Inflation Reduction Act, which he considers one of the biggest accomplishments of his presidency so far.

"But that doesn't make it any less startling that new House leaders are willing to mislead the American people about how the money is going to be spent," Reardon told"As the fact-checkers have been reporting for months, the IRS is not adding 87,000 new agents to audit regular Americans. Reardon added that the Treasury has also"made clear" that the new IRS funding will not be used to increase audits of small businesses or households earning less than $400,000 a year.

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