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Inside the IRS Mess: Missing Trillions, Taxpayer Abuse, and a Better Way
Manage episode 495235062 series 3428608
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In this episode of American Potential, host David From welcomes back Jeremiah Mosteller, Policy Director at Americans for Prosperity, for another installment in the “Big Ideas for Smaller Government” series—this time targeting the Internal Revenue Service.
Jeremiah breaks down how outdated pandemic-era tax subsidies—expanded under the American Rescue Plan—are still being paid out today, even to higher-income individuals who don’t need them.
Reverting to the original subsidy rules for the Obamacare marketplace could save taxpayers a staggering $383 billion. The episode also exposes shocking mismanagement inside the IRS, including nearly 3,000 IRS employees who owe back taxes and over $4.7 trillion in untraceable federal spending due to failed accounting practices.
Jeremiah explains how simple reforms like the LEDGER Act could bring long-overdue transparency to the Treasury and restore public trust. This is a can't-miss conversation about fiscal responsibility, common sense reforms, and how everyday Americans can play a role in cutting $2 trillion in wasteful government spending.
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