Hello everybody and thank you for tuning in to the weekly report.

Super sized IRS will shrink Liberty.

West Virginia Senator Joe Manchin recently claimed the 15% corporate minimum tax contained

in the Inflation Reduction Act, which should be called the Inflation Creation Act, is

not a tax increase.

Instead, he claimed the bill simply closes a loophole that allows corporations to avoid

paying all the taxes they owe.

Despite what Senator Manchin says, the fact is the new minimum tax increases, the amount

of money some corporations must hand over to the government.

In other words, it increases their taxes.

This common for politician, policy, walks, and even some libertarians to demonize

loopholes for making the tax system too complex.

But loopholes are simply ways that individuals can keep more of their money.

Loopholes are thus pro-liberty and pro-sound economic.

In addition to raising taxes, the Inflation Reduction Act provides $80 billion to the

Internal Revenue Service.

Some of the money will go to improving tax payer services.

So for example, tax payers may actually talk to a real person who can provide information

about the tax law when they call the agency.

But over 50% will be spent on enforcement.

The IRS is expected to hire approximately 87,000 new agents.

New porters of the expansion say the IRS will use the enhanced enforcement capacity to

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