Hi,

With new funding from the Inflation Reduction Act, the IRS has been able
to identify 1,600 ultra-wealthy tax cheats who owed more than $250,000 in
recognized tax debt each! The agency has now collected $160 million from
these tax cheats.^1

Now, to protect themselves and their wealthy friends, Wall Street
billionaires are using their considerable access and power to threaten IRS
funding. And, of course, Republicans are racing to gut the IRS and protect
the ultra-wealthy.

This is not surprising. Republicans have pushed for budget cuts to the IRS
for decades, shrinking their budget by over 20%.^2 The GOP made it a top
priority to cut IRS funding right after Democrats passed the Inflation
Reduction Act. Without the resources the IRS needs, Republicans' rich
friends avoid lengthy and expensive audits.

[ [link removed] ]Sign the petition: Tell Congress to make the ultra-wealthy pay their
fair share and fully fund the IRS.

ADD YOUR NAME

An ugly result of decades of underfunding has been the IRS auditing
low-income and Black people at disproportionately high rates. This is in
part because it costs more in staff time and resources to audit wealthy
taxpayers, whose returns are more complicated than the average filer (and
whose lawyers make these audits more challenging).^3

As funding discussions persist, protecting and maintaining IRS funding is
essential for achieving a fair tax code, actively eliminating anti-Black
racism from the implementation of our tax policy, and ensuring the
wealthiest tax cheats finally pay their fair share.

[ [link removed] ]Add your name: Tell Congress to make the ultra-wealthy pay their fair
share and fully fund the IRS.

Thanks for taking action,

Joey and the team at Demand Progress

[ [link removed] ]DONATE

Sources:

 1. U.S. Treasury Department, "Remarks by Secretary of the Treasury Janet
L. Yellen on 2024 Filing Season Goals, How Inflation Reduction Act is
Continuing to Deliver Improvements for Taxpayers," [ [link removed] ]November 7,
2023.
 2. Business Insider, "The IRS could recover $12 for every $1 spent on
scrutinizing the ultra-wealthy's taxes," [ [link removed] ]June 19, 2023.
 3. ProPublica, "Where in The U.S. Are You Most Likely to Be Audited by
the IRS?" [ [link removed] ]April 1, 2019.

 
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