Rep. Lee Zeldin: Reality of spending bill is 'hitting home' for Democrats

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New York gubernatorial candidate Lee Zeldin explains how an anticipated increase in IRS audits will impact everyday Americans on 'The Evening Edit.' #foxbusiness #theeveningedit

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

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This spending bill is the nail in the coffin for Demicrats this November and in 2024. It's going to be an exciting time for the new House and Senate

jsoar
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Our Representatives think We the People won’t figure out the real damage of the Inflation reduction act.

olegawf
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The better question is when Republicans take the house in a few months can they reverse the bill that puts all these IRS to work that's the question people need to be asking ?

alabamainformedpublic.
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What is the cost of hiring all of these agents? They need training, salaries, pensions, health care, offices, phones, vehicles and apparently firearms x’s 87, 000?!

jeremysnowden
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They are coming after me….62 years old retired teacher. Never had even a speeding ticket…. Middle class Bless us all.. God please intervene.🙏

jillh
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Historic inflation bill, we wouldn't need this bill if this administration hadn't created inflation in the 1st place, and then call it historical...how can this be a victory to celebrate.

jimashley
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The irs just got bigger than the Minnesota Vikings fan base

agsxdsm
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I’ve been hearing Billions and Trillions thrown around alot lately, to put things in perspective.
1 Million seconds = 11 days
1 Billion seconds = 31 years
1 Trillion seconds = 31, 710 years

delgarner
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87000 new irs employees, that's 1740 more per state, and they will be working from home, digging into what little money you have left over each payday.

michaelsmallwood
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How are they going to use the Climate Bill when the Lithium batteries in EV's don't work in the upcoming cold winter!?

calfortrump
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I would love for the Republicans to develop an IRS reporting website, similar to VAERS, where they can report So we can keep a tally....

jordesign
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So you make the irs 8x the size so .. how much money is it going to take to get them to zero....im so tired of the lies

foxrider
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I don't think people understand the importance of having all these additional IRS agents. If our lawmakers are to continue living their lavish lifestyles of dinner parties, flying around on taxpayer funded private jets, and lining their pockets they NEED the extra revenue.

hunterjones
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120 billion to IRS buy ur only getting 20 billion back in audits don’t add up!!

talltexan
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So, does this mean that Al Sharpton will FINALLY be made to pay his several millions in back taxes?!?!

koreanyoon
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Instead of hiring 87, 000 new IRS employees, the Democrats should have treated carried interest income as ordinary compensation income, which it actually is. Such a change would raise an additional $20 billion a year for the IRS. Compared to the $20 billion over 10 years that the new audits on persons earning over $400, 000 a year. Without a carried interest loophole, most of those private equity and hedge fund executives will pay more taxes without the need for an audit. Or all those armed IRS agents. Also, kick Hochul out this November, Lee!

JudgeCrater
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This bill is a disaster and must not be passed.

tafitiz
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Federal Income tax receipts have done nothing but go up since inception.

MYOB
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Polosie Rip up documents on tv that's against the law arrest her

marymorales
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“In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot.”
― Mark Twain
"Let's Go Brandon"
DEFUND FBI
DEFUND IRS

kcihag