Sen. Jeff Merkley (D-OR) and Sen. Mike Crapo (R-ID) spoke about an amendment on the government funding bill.
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript
Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript
Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Category
🗞
NewsTranscript
00:00Colleagues, let me keep this very simple.
00:04We provided a lot of funding in the Inflation Reduction Act so that those who have very
00:08sophisticated finances and very powerful advisors that try to avoid ever paying their taxes
00:16don't get away with it.
00:18Because it's a fundamental fairness all across America.
00:25Ordinary working people have the money taken out of their paychecks every week just because
00:29people have enormous paychecks and fancy consultants shouldn't be that they get licensed
00:35to cheat.
00:36And all of that money went to make sure that those upper income folks knew that somebody
00:42might be taking a look at their finances.
00:48If this amendment fails, it will increase the deficit by $46 billion.
00:52So I hope all of you who are fiscally responsible and care about fundamental fairness to workers
00:57across America will vote for this amendment.
01:04Senator from Idaho.
01:05Mr. President, this isn't about saving $46 billion, it's about spending $46 billion,
01:10it's about saving $20 billion.
01:12The Democrats' partisan, supersized IRS funding is something we've been battling over for
01:17a couple of years now.
01:19It's a textbook example of the type of out-of-control spending that President Trump and Republicans
01:24have rightly opposed.
01:26Rather than working together to help the IRS solve its massive taxpayer service and IT
01:31shortcomings, the misnamed Inflation Reduction Act went to fund untargeted and heavily-handed
01:37enforcement improvement.
01:39As I mentioned at the time, the last thing hard-working Americans need is an IRS funding
01:44bloat that disproportionately hurts them.
01:49I urge my colleagues to vote against this amendment to provide the IRS nearly two times
01:54its entire annual budget in unaccountable enforcement dollars.