From Tax the Rich <[email protected]>
Subject Sign the petition: IRS says it will collect $561 billion more from rich tax cheats thanks to Inflation Reduction Act
Date February 25, 2024 8:49 PM
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Hi,

The Internal Revenue Service (IRS) says it will collect $561 billion from
ultra-wealthy tax cheats over the next decade because of increased funding
from the Inflation Reduction Act.^1

And that’s why Republicans fought to cut IRS funding and will continue to
fight for cuts — to protect millionaires and billionaires trying to avoid
paying their fair share in taxes.

Ted Cruz, the GOP, and Fox News launched a massive propaganda campaign
around passage of the Inflation Reduction Act to convince people that IRS
funding is a danger to everyday Americans. It’s simply false, and a
diversion tactic to protect their wealthy donors from paying taxes.
Congress must protect and increase IRS funding in order to crack down on
ultra-wealthy tax cheats!

[ [link removed] ]Sign the petition: Protect IRS funding and increase it! Congress must
reject GOP efforts to gut IRS funding for the benefit of the rich and
powerful.

ADD YOUR NAME

There’s plenty more work for the IRS to do to recoup money from wealthy
tax cheats.

In the Inflation Reduction Act, Democrats added an extra $80 billion in
funding for the IRS to hold the ultra-wealthy accountable. It costs the
agency substantially more resources to audit billionaires and big
corporations than everyday Americans, so this increase in funding was
necessary to crack down on the super-rich that avoid paying every year
through tax evasion or tax cheating.

Ever since the IRA passed, Republicans have been fixated on destroying the
IRS’ newfound ability to take on the rich. Cruz and his cronies claim
their plan is meant to reduce the debt, but defunding the IRS will
actually increase the deficit.^2 Studies show that every dollar put into
the agency creates a significantly higher return for government revenue.
The most profitable way for the IRS to spend money is by auditing the
ultra-wealthy.^3

Congress cannot allow the GOP to gut our tax system for the benefit of
billionaires and big corporations.

[ [link removed] ]Add your name: Stop Ted Cruz and the extremist GOP from slashing IRS
funding. Wealthy tax cheats must pay their taxes!

Thanks for taking action,

Joey and the team at Demand Progress

[ [link removed] ]DONATE

Sources:

 1. Fortune, "IRS says it will collect $560 billion more from rich tax
cheats thanks to Inflation Reduction Act," [ [link removed] ]February 6, 2024.
 2. Washington Post, “How much did Congress lose by defunding the IRS? Way
more than we thought,” [ [link removed] ]June 14, 2023.
 3. Ibid.
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