Biden's IRS army is not coming for billionaires — it's coming for you

When the new Republican-controlled House passed a bill to cancel President Joe Biden ’s desired army of 87,000 new IRS agents, the administration reacted with a full-blown tantrum.

Vice President Kamala Harris released an angry statement that Republicans want to “allow … millionaires, billionaires, and corporations to cheat the system.”

This is ridiculous if you know anything about how the IRS conducts audits and raises additional revenue. Fortunately, the Government Accountability Office released a report last spring that shows exactly whom the IRS tends to target.

First, the majority of the extra money the IRS collects from audits comes from households with incomes below $200,000. This is a perennial fact of life that has not changed in at least a decade, neither with the president’s party affiliation nor with the tax changes that have been enacted over the years.