By Jeff Gliedman, Marlboro
The $3.5 Trillion “Build Back Better” bill that President Biden and the Democrats want to force onto Americans is filled with extreme regulations that are far from beneficial for America. One such item on page 2283 is their plan to spend $80 billion to hire an 87,000-IRS-agent army to carry out their plan to review every account above a $600 balance or with more than $600 of transactions in a year. (page 2283). Currently there are slightly under 76,000 IRS agents in the department IRS Budget and Workforce | Internal Revenue Service. As of September 2020 there were 614 billionaires in America so what would these additional 80,000 employees do other than checking you for every transaction you make over $600? I thought only households making over $400,000 needed be concerned? There Are Only 7 Black Billionaires in the United States (businessinsider.com).
There are an additional 41 reasons why this proposed legislation is not good for America: final_reconciliation_.pdf (house.gov).
This is one Christmas Gift even if the supply chain problem was fixed that America doesn’t need.