August 12th, 2022 11:54 am
Image of the Day: IRS Collected Record Taxes Through July
Our latest Liberty Update highlights the danger of an Internal Revenue Service (IRS) that’s about to enjoy a doubling of funding and personnel via the abominable Manchin-Schumer “compromise” tax-and-spend-and-regulate bill. Apologists for the bill rationalize that a turbocharged IRS is necessary to collect more taxes from the American people (and we highlight in our piece how Americans earning under $200,000, not the “rich,” will be the primary targets). The U.S. Treasury Department, however, just reported that the federal government just collected a record amount of taxes so far this fiscal year. The obvious problem isn’t insufficient funding of the federal government, but rather excessive spending:
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