CBO estimates that the funding for tax enforcement activities provided by H.R. 5376, the Build Back Better Act, would increase outlays by $80 billion and revenues by $207 billion, thus decreasing the deficit by $127 billion, through 2031.https://www.cbo.gov/publication/57620 …
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They’ll just say it’s wrong… with nothing to base that on, no facts, just say it’s wrong and that makes it so.
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“But muh inflation” - Manchin, prolly
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Economists say it will reduce inflation. PASS THE BILL.
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H O L L E R I N G
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Thats not even a drop in the bucket when it comes to tax evasion either.
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If this were a serious enforcement effort it should increase revenue by somewhere around $8-900B over the period. Source: https://www.nytimes.com/2021/09/08/business/irs-tax-avoidance.html#:~:text=Daily%20Business%20Briefing-,The%20top%201%20percent%20are%20evading%20%24163%20billion,in%20taxes%2C%20the%20Treasury%20finds.&text=WASHINGTON%20%E2%80%94%20The%20wealthiest%201%20percent,Department%20report%20released%20on%20Wednesday ….
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Time to move the goal posts....*Manchin
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We’ll see how
@Sen_JoeManchin moves the goalposts this time. -
He'll come up with something else.
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