Trump’s Latest Proposal Could Let Wealthy Tax Cheats Off the Hook, Impacting Billions in Revenue!

3 min read

Race Day Live Donald Trump is making it clear once again who he is working for, and it’s not the everyday American.

His recent statements reveal his strong allegiance to the wealthiest class, with a shocking proposal that could cost the country billions.

During his campaign and throughout his time in office, Trump made promises to support working-class Americans, but his actions have often shown otherwise.

This was highlighted during his inauguration, where the guest list was filled with some of the wealthiest individuals in the country, including Elon Musk, Mark Zuckerberg, and Jeff Bezos.

These billionaires were some of his biggest financial backers, contributing millions to support his campaign.

Yet, even with their financial help, Trump’s presidency has been marked by controversial proposals that mainly benefit the elite.

On a recent occasion, Trump spoke directly to his working-class supporters and made it clear that his priority remains with the rich. He highlighted his plan to stop the hiring of thousands of IRS agents, who were supposed to help crack down on wealthy individuals who cheat on their taxes.

Trump claimed, “On day one I immediately halted the hiring of any new IRS agents. They hired, or tried to hire 88,000 new workers to go after you,” which is a narrative he has repeated for years.

However, this claim is far from the truth. The truth is that these IRS hires were meant to improve the agency’s ability to handle basic administrative work and support critical customer service functions.

Some of the new agents would focus on auditing high-income earners, who have been known to evade paying taxes.

The claim that the IRS was assembling an “army” to target middle-class taxpayers is a debunked lie.

The majority of IRS agents do not carry firearms, and their job is to ensure that tax laws are followed. The additional funding for the IRS, granted through the Inflation Reduction Act of 2022, was designed to enhance the agency’s capacity and improve technology.

The funding was also intended to replace workers who had left, and most of the hires would have been for non-enforcement positions.

The aim behind these measures was clear: to ensure that the wealthiest Americans pay their fair share in taxes.

Independent studies show that these improvements could lead to an additional $850 billion in revenue over the next decade.

The funding has already shown positive results, with the IRS collecting over $1 billion from wealthy tax cheats who had previously avoided paying their fair share.

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But Trump’s recent proposal to halt these efforts could lead to a significant loss in government revenue.

This would worsen the federal deficit and make it harder to fund vital services like healthcare, law enforcement, education, and infrastructure repairs.

Instead of supporting the people who need it most, Trump’s plan would make it easier for the wealthy to evade taxes while shifting the tax burden onto middle- and lower-income citizens.

This proposal raises an important question: Is this what Trump campaigned for? Is this the change that his supporters voted for? By favoring the rich, Trump’s policies could result in higher taxes for regular citizens and fewer resources for essential services.

The wealthy would continue to profit, while everyday Americans would struggle to make ends meet.

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Yvonne Scott http://race-day-live.com

Yvonne Scott is a highly skilled content writer and editor, renowned for her ability to craft engaging, well-researched, and meticulously polished
content. With an eye for detail and a passion for clarity, Yvonne excels at transforming complex ideas into accessible and compelling narratives. Her writing not only informs but also captivates, making her an invaluable asset to any team.
As an editor, Yvonne's expertise shines through her keen understanding of grammar, structure, and tone, ensuring every piece meets the highest standards.

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