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Michael Mechanic on Underfunding the IRS

January 27, 2023

 



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Fat cat pays pittance to Uncle Sam.This week on CounterSpin: If repeated messaging about how we “can’t afford” public goods but we should always be “cutting taxes” isn’t discordant enough, corporate media’s guiding yet unspoken theory has some corollaries—one of which is that because wealthy people pay large (if not proportionate) amounts of money in taxes, they should get policies that reward them, including those allowing them to keep, and grow, their extreme wealth and its concomitant power. That’s how we wind up with congressional Republicans’ efforts to claw back the attempts the administration made to actually help the IRS start to audit the notoriously tax-avoiding wealthy. The message from many politicians and their media amplifiers: Cheating on taxes is a luxury only the rich can, or should be able to, afford.


We know come April there will be a swell of “news you can use” stories about how to save a dime or two on your taxes. We get a bigger picture story this week from Mother Jones senior editor Michael Mechanic, author of Jackpot: How the Super-Rich Really Live—and How Their Wealth Harms Us All.


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