Contributor Confronts Fox News Host for Claiming IRS Expansion Allows for 'Unlimited' Intrusion.
Adam Lashinsky, a Fox News Channel contributor, conducted a live fact-check. Saturday, Cavuto's stand-in host David Asman claimed that President Joe Biden's bolstering of IRS enforcement would allow "big brother government" access to Americans' bank accounts.
Biden and House Speaker Nancy Pelosi have been advocating for months for an increase in IRS funding to enable the agency to more effectively collect taxes from wealthy Americans who conceal an estimated $1 trillion each year.
In response to a Treasury Department proposal to expand the IRS, a Saturday morning Fox News segment warned Americans will be "targeted based on their political views." Lashinsky methodically debunked Asman's repeated assertion that the IRS would begin "prowling" through people's bank accounts. Lashinsky's reprimand concluded with the incredulous Fox News host inquiring, "Doesn't that scare you?"
""David [Asman], I'm as much a civil libertarian as you and [former Trump economic adviser] Steve Moore are, and you two are omitting a critical detail, which is that the fact-check proposal for this thing—and that's all it is—states that they want to look at aggregate outflows and inflows in order to provide a little more information to the Congressional Budget Office."
And, as you are already aware, the IRS has the authority to investigate further if it believes there is a problem "As Lashinsky put it.
"However, this would be an unlimited Adam, with unlimited ability regardless of any court order or anything else. Doesn't that instill fear in you?" Asman responded, visibly enraged by Lashinsky's fact-checked rebuttal.
"Not always based on aggregate data. Consider this: let us argue about this. However, nobody is suggesting that you have unlimited access to my bank account, as you are speculating "Lashinsky continued.
Asman characterized Biden's proposed increase in funding for IRS enforcement as "big brother government," a concept that liberals feared in the 1950s and 1960s. He expressed concern that a recent fact-checking investigation might reveal the political preferences of [taxpayers].
According to the IRS, a $440 billion annual tax gap could be closed by enhancing the agency's ability to collect from wealthy Americans and businesses that illegally hide their money offshore. Biden's proposal is to increase the IRS's funding by $80 billion over the next decade in order to increase collection.
"Adam is a very forgiving individual when it comes to the IRS...
Have you gone over this carefully, Adam? That is, Danielle [DiMartino Booth], allow me to change to you "Asman stated, rerouting the conversation to another panelist.
Steve Moore, a former Trump economic adviser who appeared on Saturday's television segment, concurred with Asman's assertion that the IRS may gain additional authority to "intimidate" Americans.
"As a civil libertarian and a believer in financial privacy, I find it deeply troubling," Moore said, adding that the best way to increase enforcement would be to implement a "very simple flat tax" with no deductions or sheltering.
Newsweek reached out Saturday afternoon to representatives for all three Fox executives.