To say one's retirement is going up, someone's retirement is going up in smoke at this point, is a little premature. The marks have been creeping back up. Remember, the markets also took a dump under Joe Biden.
Stop being a drama queen.
IRS Crackdown Nets Enough Revenue To Fund the Government for 90 Minutes
The Biden administration's $60 billion expansion of the IRS has netted $1 billion in new revenue so far.
https://reason.com/2024/07/11/irs-crackdown-nets-enough-revenue-to-fund-the-government-for-90-minutes/