Well that’s putting it out there.
Here’s the headline from Fox Business: https://www.foxbusiness.com/
Key Biden tax pledge for audits of people making under $400K nearly impossible: ‘Blew up the narrative’
Tax reform advocate Grover Norquist said Democrats are ‘knowingly lying’
Reports FB:
“In remarks touting ‘Bidenomics’ in Maryland last month, President Biden again repeated a tax pledge that goes back to his 2020 campaign.
‘We ought to make the tax code more fair, not less fair. That’s why I promised that no one making under $400,000 – who had never seen that – but no one making under $400,000 will see their federal taxes go up a single penny,’ Biden said.
The day after Biden’s remarks, Internal Revenue Service Commissioner Danny Werfel announced the agency is hiring 3,700 new employees as part of its expansion to target these wealthy taxpayers.
‘These new employees will be focused on higher-income and complex tax areas like partnerships, not average taxpayers making less than $400,000,’ Werfel said.
The problem as far as auditing goes is “there is no way to identify the complete population of taxpayers that meet the criterion of $400,000 or more,” according to the Treasury Inspector General for Tax Administration.
…The inspector general’s findings ‘blew up the narrative,’ on taxing only the rich, and shows Democrats are ‘knowingly lying,’ said Grover Norquist, president of Americans for Tax Reform.”
Bingo. It wasn’t rocket science to know that the Biden pledge was so much bunk.
Now, inevitably, the truth outs.
