We continue to see fallout from the massive increase in the size of the IRS contained in the Inflation Reduction Act. This week, after their usual look at congress.gov, the FAIRtax Guys touch on several little tidbits, including a new bill in Congress called the IRS Reduction Act.
If passed, the IRS Reduction Act would rescind the additional funding for the IRS that’s contained in the Inflation Reduction Act. We have a better idea. How about the IRS Elimination Act—theFAIRtax.
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