IRS to Execute Inflation Reduction Act, Auditing Rich People Only

The IRS is going to audit wealthy individuals and big corporations intending to send a signal. With the Inflation Reduction Act (IRA), the IRS has been bolstered by $80 billion in funding directed by the Inflation Reduction Act (IRA), which was signed into law in 2022 by President Joe Biden. Werfel noted that the IRS's strategic plan over the next three tax years includes a sharp increase in audits, although the agency reiterated it wouldn't boost its enforcement for people who earn less than $400,000 annually, which covers the bulk of U.S. taxpayers. Protests over the war in Gaza saw Biden say: "Dissent is essential for democracy, but dissent must never lead to disorder."

Bragg's theory of the case:

Auditing firm for Trump Media and the auditor's owner were charged Friday with "massive fraud" by the Securities and Exchange Commission for accounting work that affected more than 1,500 SEC filings. The auditor, BF Borgers CPA, and its owner Benjamin Borgers have agreed to be permanently suspended from practicing as accountants before the SEC, and also agreed to pay a combined $14 million in civil penalties, without admitting or denying the allegations, the SEC said. Biden's team is expressed confidence that his stance appeals to the widest array of voters.

Today's Bird Song of the Day: American Robin, Voice of America Game Land, Beaufort, North Carolina, United States.