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John Deaton on Tax Reform

 

 


We don't need 87,000 IRS agents for only 735 billionaires

Deaton: She supported 87,000 IRS agents. What was her answer? "It's for the billionaires." There are 735 billionaires living in america. The 87,000 IRS agents, if it was for the billionaires, they would only need 735 of them and we could assign them to each billionaire all year long.

Warren: The IRS agents he's talking about are the people hired to do enforcement against tax cheats who make more than $400,000 a year and it is an incredibly successful program. For every dollar invested we are getting somewhere between six and $10 back in revenues from people who don't follow the current law because they know under the Republican regime that the IRS doesn't have the manpower to come after them.

Source: C-Span transcript: 2024 Massachusetts Senate debate , Oct 17, 2024

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