HomeLatest NewsBiden Demands 15% Budget Increase For IRS, Boosting $79B Previously Allocated

Biden Demands 15% Budget Increase For IRS, Boosting $79B Previously Allocated

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President Joe Biden asked American taxpayers to increase IRS funding by 15% in fiscal year 2024, to combat tax cheats. This was even while his son Hunter Biden is being investigated for tax violations.

The proposed 15% increase is in addition the $79 billion previously allocated under the 2022 Inflation Reduction Act.

The Washington Times reported that Biden’s $6.8 Trillion budget calls for an additional $1.8 Billion for the IRS to increase its overall funding to $14.1Billion. “The additional revenue would represent a 15% increase over the $12 billion Congress approved for the IRS in December.”

The White House budget contains $290 million of new funding for modernizing the IRS tax processing infrastructure. Senator Republicans made it mandatory for Mr. Biden that he remove this money from the government funding bill last year.

Republicans are opposed to increasing tax funds for the IRS and its desire hire 87,000 more agents. After promising to repeal the $80 billion allocation that was made from 2022 to fund the 87,000 new IRS agents, the House Republicans voted in January to cut funding.

Douglas Lamborn (R.CO) stated that hard-working Americans deserve a government that works for them and not against them. The IRS should not be used against taxpayers in America. Instead, the IRS should be focused on quality service for taxpayers. It is a good first step to rescind the funding for 87,000 IRS agents.

The Democrat-controlled Senate has vowed not to consider the bill.

Biden claimed that his budget was created to aid American families, despite Democrats protecting the 2022 legislation.

He said that his budget showed what he could do to ease the burden on hardworking Americans and that he was willing to negotiate with Kevin McCarthy (R. CA).

Biden’s budget will likely be dead upon arrival, due to Republican control of the House.

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