<p>The vast majority of American <a href="https://www.dailywire.com/topic/small-businesses" target="_blank" rel="noopener">small business</a> owners are concerned about an expanded <a href="https://www.dailywire.com/topic/internal-revenue-service-irs" target="_blank" rel="noopener">IRS</a>, according to survey results from the Job Creators Network Foundation exclusively provided to The Daily Wire.</p>
<p>The Inflation Reduction Act, signed into law by President Joe Biden two months ago, allocated $80 billion for officials to hire up to 87,000 new IRS employees over the next decade, thereby <a href="https://www.dailywire.com/news/bidens-inflation-reduction-act-would-allow-irs-to-hire-up-to-87000-new-employees-raise-taxes-report">more than doubling</a> the agency’s size. A poll of 500 small business owners conducted by the Job Creators Network Foundation, a nonprofit organization devoted to promoting economic freedom, discovered that roughly 70% oppose doubling the size of the agency.</p>
<p>&#8220;No one likes getting audited by the IRS, especially those who can&#8217;t afford to fight it,” Job Creators Network Foundation President Elaine Parker said in a statement provided to The Daily Wire. “The easiest audit for the IRS is one without a fight, where they send out a letter and squeeze more money out of those who won&#8217;t challenge them. Why else do you think the IRS audits the poor at five times the rate of everyone else?”</p>
<p>While correspondence audits involve the IRS sending a request for the provision of more tax information, field audits are more extensive. The former is less costly for the IRS, yet the latter tends to <a href="https://www.dailywire.com/news/how-joe-bidens-new-irs-army-will-impact-your-taxes">yield more revenue</a>, especially for higher earners. As of 2019, only 11% of correspondence audits resulted in the IRS concluding that the taxpayer had accurately covered their liability, according to <a href="https://www.irs.gov/statistics/soi-tax-stats-examination-coverage-recommended-and-average-recommended-additional-tax-after-examination-irs-data-book-table-17b-discontinued">data</a> from the agency.</p>
<p>“The tax code is already convoluted and intentionally difficult to navigate. For small businesses, it is even more so,” Parker continued. “Big businesses can afford high-priced accountants to navigate the complex system, but many small businesses handle their taxes themselves. If an audit comes, they&#8217;ll be woefully unprepared. The simplest move is to just pay up rather than engage in a time-consuming fight they&#8217;re unlikely to win. More IRS agents will mean more audits, more audits mean more targeting of small businesses and poor Americans.”</p>
<p>Officials in the Biden administration have nevertheless vowed that the expansion of the IRS would not translate to more audits for lower-class and middle-income taxpayers. Treasury Secretary Janet Yellen, for instance, promised that new funding would not be directed to increase audits for American households earning less than $400,000 per year “relative to historical levels.” However, she <a href="https://www.dailywire.com/news/janet-yellen-vows-irs-audits-wont-rise-for-middle-income-americans-but-theres-a-catch">failed to clarify</a> that “historical levels” of audits were far higher as recently as one decade ago. According to a <a href="https://www.gao.gov/assets/gao-22-104960.pdf">report</a> from the Government Accountability Office, audit rates for Americans earning between $25,000 and $200,000 fell 76% between 2010 and 2019, while those earning less than $25,000 saw audit rates fall by 61%.</p>
<p>“A strong IRS is critical to the economic success of this country,” she commented during a recent <a href="https://www.dailywire.com/news/janet-yellen-a-strong-irs-is-critical-to-the-economic-success-of-this-country">speech</a> in Maryland, “and I am heartened that we are finally reflecting that in our funding decisions.”</p>
<p>IRS Commissioner Charles Rettig likewise sought to ease lawmakers&#8217; concerns regarding heightened tax burdens. “As an extremely proud American, I’m grateful for your support of the IRS and our dedicated employees,” he said in a <a href="https://www.dailywire.com/news/irs-we-will-absolutely-not-target-everyday-americans-with-new-army-of-agents">letter</a>. “I cannot be forceful enough in emphasizing that these resources will be transformative for the agency and for American taxpayers.”</p>

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Poll: 7 In 10 Small Businesses Oppose Expanding The IRS