Job Creators Network said it was revealing the “Stop Lying to Small Businesses” billboard in New York City's Times Square on Friday, blasting tax increases and the adding of Internal Revenue Service agents.
“The Biden administration has taken small business owners and the American people for a ride — playing fast and loose with the facts at every opportunity,” JCN CEO Alfredo Ortiz told the Washington Examiner in a statement. “Despite the spin from the White House press room, the economy is in the dumps, wage increases are being engulfed by high inflation, and small businesses and the middle class will be subject to tax increases that roll downhill.”
The digital billboard ad, which features the image of Biden and his nose growing, challenges the validity of Biden’s campaign promises related to taxes, IRS audits, and inflation.
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“Administration officials are likely spinning the truth to reverse free falling approval ratings, but small businesses won’t be duped,” Ortiz said. “Now with this billboard, Biden’s growing Pinocchio nose is on display for all Americans to see.”
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Biden signed the Inflation Reduction Act, which delivers $80 billion to repair the IRS, including a $46 billion provision that has led to estimates that the IRS would employ 87,000 additional agents over 10 years to replace the 50,000 who are meant to retire in that time frame. However, the bill does not explicitly say that number, as some Republicans have indicated.
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IRS Commissioner Chuck Rettig backed the Inflation Reduction Act, saying it will provide additional services to taxpayers.
"The IRS has struggled for many years with insufficient resources to fulfill our important mission," Rettig said. ”During the next 10 years, these funds will help us in many areas, including adding critical resources not just to close the tax gap but meaningfully improve taxpayer service and technology."
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The billboard is a division of a series of JCN ads recently targeting the Biden administration’s handling of the economy.
Biden took a brief break from his vacation to hold a signing ceremony for the bill at the White House, where he boasted about the legislation as a key step forward for his agenda and for the country.
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“We’re cutting deficits to fight inflation by having the wealthy and big corporations finally begin to pay part of their fair share,” Biden said at the signing ceremony. “Big corporations will now pay a minimum of 15% tax instead of 55 of them getting away with paying zero dollars in federal income tax on $40 billion in profit. And I’m keeping my campaign commitment: No one earning less than $400,000 a year will pay a penny more in federal taxes.”
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