by Martin Armstrong, Armstrong Economics:
The Internal Revenue Service is slated to shed half of its 90,000 agents. Recall that former President Joe Biden wanted to double the number of tax hunters by adding over 87,000 agents through a piece of legislation slipped into the Inflation Reduction Act. The Biden Administration weaponized the IRS against the American people and had even begun to train groups of agents on basic military warfare in the event of raids. This could be a major win for American citizens.
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Those complaining about DOGE fail to realize that we permit the government to audit us annually. For once we are turning the tables and auditing the very agencies who hold the people to such high standards. Trump has already placed a hiring freeze for the agency and laid off 7,000 probationary workers. The workers who may lose their jobs will be offered a buyout package, no different from what past administrations have offered when trimming the public sector. Agents will not have the opportunity to accept a buyout until May after the upcoming tax filing deadline.
Other agents have an opportunity to work for the Department of Homeland Security to aid in immigration enforcement, as DHS Secretary Kristi Noem has already asked Treasury Secretary Scott Bessent to “borrow” agents to assist with the border crisis.
The misconception that IRS would only target the wealthy needs to be dispelled as a study revealed that Read More @ ArmstrongEconomics.com
Originally Posted at https://www.sgtreport.com