The editorial board of the Wall Street Journal claims that the source of data from the IRS, which contains information on a tax return for many of the richest American citizens, wants to “serve on the agenda of the left”
In an editorial on Tuesday, the board wrote that the outgoing ProPublica was trying to influence the congressional tax debate and coincide with the left wing of the Democratic Party’s insistence on raising taxes on the rich, including enforcing a wealth tax.
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“The history of ProPublica is a long argument that somehow the rich don’t pay enough. The weather here is not accidental, comrade,” the board wrote. “Someone from the IRS – or someone who hacked the IRS – leaked documents to influence the debate in Congress.”
Senator Ron Wyden, D-Ore., Chairman of the Senate Finance Committee, opened his hearing in committee on Tuesday, mentioning the discard, the same day ProPublica’s article was published. “Just in time,” the board wrote, noting Wyden’s commitment to come up with a proposal to make sure the rich “pay their fair share.”
The Council also noted that there was no evidence of illegality in the published data and that ProPublica was trying to produce a scandal by calculating a “true tax rate” by comparing wealth gains against the amount of income tax paid.
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“But wealth and income are different, and what Americans pay is income tax, not wealth,” the board wrote, before explaining that preferential tax rates on capital gains and dividends have long been supported by bipartisan majorities.
“That changed when the political left rose in the Democratic Party and Sense. Elizabeth Warren and Bernie Sanders ran for president, calling for a new wealth tax,” he continued. “The political issue is that Mrs. Warren and Mr. Sanders have lost. Mr. Biden has not paid wealth tax.”
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“This still leaves the real scandal, which is that someone leaked confidential information to the IRS for individuals to serve on the political agenda,” the board wrote. “This is the same IRS that Democrats now want to pour in another $ 80 billion to pursue a fantastic amount of uncollected taxes. As part of that effort, Mr. Biden wants the IRS to collect ‘gross inflows and outflows for all businesses and personal accounts from financial institutions. “Why? So information can leak into ProPublica? “