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I've always wondered if decreasing the budget of the IRS enables political money laundering. Since there is less auditing of suspicious accounts, there is more
by kiernanmcgowan 8y ago
I've always wondered if decreasing the budget of the IRS enables political money laundering. Since there is less auditing of suspicious accounts, there is more room for nefarious activity.
- excalibur 8y ago> Starting in 2011, Republicans in Congress repeatedly cut the I.R.S.’s budget, forcing the agency to reduce its enforcement staff by a third. Yes, but money laundering probably isn't the type of nefarious activity that the GOP is most interested in accommodating. (With one very high-profile exception.)
- munk-a 8y agoUS election laws are pretty much swiss cheese already when it comes to the various ways dark money can be funneled and redirected, it may make it easier but you need to try really hard to actually get arrested for campaign donations... and if you do you might just get pardoned anyways.
- emodendroket 8y agoTrue, although you might have more money to donate, thanks to the tax fraud, which you can then direct towards politicians who pledge to further cut the IRS' budget.
- munk-a 8y agoI think that's absolutely a thing, especially at the top levels of wealth. A favorable rewriting of the tax code that saves you a few hundred million could be repaid with a portion of that going to fund the politicians who helped push it through, it's like a win/win!... except that you're pushing all those costs off onto other people.