{"id":1596441,"date":"2022-08-09T09:34:30","date_gmt":"2022-08-09T13:34:30","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1596441"},"modified":"2022-08-09T09:34:32","modified_gmt":"2022-08-09T13:34:32","slug":"seems-high-musk-reacts-to-80-billion-irs-funding-in-billion-dollar-spending-bill","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/seems-high-musk-reacts-to-80-billion-irs-funding-in-billion-dollar-spending-bill\/","title":{"rendered":"\u2018Seems High\u2019: Musk Reacts to $80 Billion IRS Funding in Billion-Dollar Spending Bill"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fseems-high-musk-reacts-to-80-billion-irs-funding-in-billion-dollar-spending-bill%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1596441&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><a href=\"https:\/\/www.theepochtimes.com\/t-elon-musk\">Elon Musk<\/a> cast doubt over the $80 billion funding boost to the Internal Revenue Service (IRS), which is part of a Democrat-backed economic package passed by the Senate on Aug. 7.<\/p>\n<p>\u201cSeems high,\u201d Musk, the billionaire tech mogul, said in a Monday post on Twitter in response to a report by the <a href=\"https:\/\/freebeacon.com\/policy\/dems-poised-to-make-irs-larger-than-pentagon-state-department-fbi-and-border-patrol-combined\/\">Washington Free Beacon<\/a>. The conservative media outlet found that under a new law, the tax agency would employ more bureaucrats than the Pentagon, the State Department, the FBI, and Customs and U.S. Border Patrol combined.<\/p>\n<p>His remarks came a day after the Democrat-controlled Senate <a href=\"https:\/\/www.theepochtimes.com\/mkt_app\/senate-democrats-near-passage-on-health-and-climate-bill-after-overnight-vote-a-rama_4648557.html\">passed a $740 billion health care and climate spending bill<\/a>, formally known as the Inflation Reduction Act of 2022, which allows the IRS to receive $79.6 billion through the fiscal year 2031 and hire up to 87,000 additional agents. The move, in a bid to increase audits of taxpayers and beef up federal tax revenue, could more than double the agency\u2019s workforce.<\/p>\n<p>\u201cMaybe investment in automation?\u201d Musk added in a follow-up post.<\/p>\n<p dir=\"ltr\" lang=\"en\">Maybe investment in automation?<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1556685794038931462?ref_src=twsrc%5Etfw\">August 8, 2022<\/a><\/p>\n<p>The bill seeks to generate about $700 billion in new revenue over the next 10 years, including $124 billion in IRS tax enforcement, and will include tax hikes on corporations, setting a mandatory minimum tax of 15 percent on those making $1 billion or more annually.<\/p>\n<p>Although Senate Majority Leader Chuck Schumer (D-N.Y.) said the bill will close the so-called tax \u201cloopholes\u201d exploited by big businesses and <a href=\"https:\/\/www.democrats.senate.gov\/dpcc\/press-releases\/majority-leader-schumer-floor-remarks-on-the-introduction-of-the-inflation-reduction-act-to-lower-costs-fight-climate-change-and-make-health-care-more-affordable\">won\u2019t boost taxes<\/a> on people making less than $400,000 a year, Republican lawmakers and other critics say the IIRS expansion will cause lower-income individuals and small businesses alike to <a href=\"https:\/\/www.theepochtimes.com\/inflation-reduction-act-will-increase-middle-class-and-small-businesses-taxes-tax-law-expert_4650523.html\">pay more<\/a>.<\/p>\n<p>\u201cDemocrats under Joe Biden have spent trillions, creating the worst inflation in over four decades, and now their answer to this disaster of<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk cast doubt over the $80 billion funding boost to the Internal Revenue Service (IRS), which is part of a Democrat-backed economic package passed by the Senate on Aug. 7. \u201cSeems high,\u201d Musk, the billionaire tech mogul, said in a Monday post on Twitter in response to a report by the Washington Free Beacon. [\u2026]<\/p>\n","protected":false},"author":246,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1596441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1596441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/246"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1596441"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1596441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1596441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1596441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1596441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}