First CBO score of the new Congress is here. Says that the GOP IRS funding bill would reduce spending by $71.5B and reduce revenue by $185.8B. Net deficit increase of $114B. cbo.gov/system/files/2…

@RichardRubinDC The WH was expecting to increase revenue w the 87,000 IRS hires going after low/middle income Americans. GOP House is defunding those agents. Hence, there is no new revenue. So, how can it add to the deficit if revenue was never received to start? It was projected revenue.

@monakiki2525 @RichardRubinDC Wrong. Many of the additional agents were to rebuild IRS customer service, update antiquated systems, and gradually replace agents leaving and retiring over the next ten years.

@jb_montgomery @RichardRubinDC That's the spin being told, and you it hook,line and sinker.

@monakiki2525 @jb_montgomery @RichardRubinDC Yet you seem to think that you didn’t fall for the GOP line hook line and sinker. 🤷🏻‍♀️

@TeachOrSwim @jb_montgomery @RichardRubinDC Well, so far, everything I've believed in, they've been right. Democrats have been wrong.

@monakiki2525 @TeachOrSwim @jb_montgomery @RichardRubinDC Dude you are DELUSIONAL.. half the funding does go to increased enforcement, but enforcement of “corporations & high-net-worth individuals” to return audits of those groups back to historical norms (those making more then $5 million are audited today at 2%.. it was 16% pre-2010)

@monakiki2525 @TeachOrSwim @jb_montgomery @RichardRubinDC The IRS makes money on audits of these individuals far more then audits of low & middle income taxpayers for obvious reasons.. for starters these people owe FAR more in taxes, the average audit recovery for the wealthy is many times the average persons entire tax bill..

@monakiki2525 @TeachOrSwim @jb_montgomery @RichardRubinDC Second, the very wealthy & corporations have much more complex tax returns, with far greater ability to skip corners & hide income..there simply isn’t a huge need to audit someone whose tax return is just them taking the standard deduction

@monakiki2525 @TeachOrSwim @jb_montgomery @RichardRubinDC Finally i would just add that the other half of funding goes to customer service improvements, taxpayer services, technology modernizations & development of a direct & free e-file system (something other developed nations have long had)

@Maaaatcaaast @monakiki2525 @TeachOrSwim @jb_montgomery @RichardRubinDC To all this I would add, the only people I've heard the 600$ VENMO stuff from are people I pretty automatically discard their words unless I hear it from "more dependable sources," so to speak.