It looks like the tables are finally turning.
President Donald Trump is reportedly planning a sweeping overhaul of the Internal Revenue Service, and let’s just say some familiar left-wing wallets might start sweating. The goal? Expose and potentially prosecute ultra-wealthy Democratic megadonors allegedly bankrolling disruptive political protests and shady activist networks.
At the center of this IRS shake-up is Scott Bessent, the interim IRS Commissioner handpicked by Trump after former Commissioner Billy Long was unceremoniously shown the door just two months into his tenure. Bessent has appointed seasoned investigator Gary Shapley to spearhead a crackdown—starting with assembling a list of high-profile targets who could be subject to criminal inquiries.
Topping that list? None other than progressive billionaire George Soros and his son, Alex.
Soros has long been the left’s most powerful sugar daddy, pouring hundreds of millions into Democratic campaigns, pro-crime DA races, and far-left causes through his vast network of nonprofits—especially his notorious Open Society Foundation, the largest funder of leftist activism in the world.
According to campaign finance records, Soros’ Fund for Policy Reform, largely steered by Alex Soros, funneled $60 million to Democratic causes during the 2024 election cycle, ranking as the 12th-largest donor overall—and second among purely liberal contributors.
But Trump’s IRS reboot doesn’t stop at just Soros.
He’s getting help from Congress, too. Senator Ted Cruz has introduced legislation aimed at using the RICO Act—yes, the same law once used to dismantle the Mafia—to investigate the funders of this weekend’s “No Kings” protests, which Cruz alleges have ties to Soros cash and the potential to spiral into riots.
“Follow the money. Cut off the money,” Cruz told Sean Hannity on Fox News. “There’s considerable evidence that George Soros and his network is behind funding these rallies which may well turn into riots.”
Cruz’s legislation would empower the Department of Justice to prosecute organizers and financial backers under the Racketeer Influenced and Corrupt Organizations Act, better known as RICO—marking a dramatic escalation in the battle against political unrest funded by elite leftist operatives.
The move isn’t entirely new for Trump. He previously called for using RICO statutes against Soros and others who disrupted his appearance at a D.C. restaurant last year. He’s also slammed other liberal billionaires like Tom Steyer and Michael Bloomberg, accusing them of using their fortunes to subvert democracy and fuel division.
And Trump isn’t exactly hiding his intentions.
In a recent cabinet meeting, the former president reportedly nodded to Bessent’s task with a simple but direct endorsement: “Scott will do that. That’s easy for Scott.”
Meanwhile, Shapley—known for his blunt assessments and no-nonsense approach—has declined to confirm names on the potential IRS watchlist. But when asked for comment by The Wall Street Journal, he simply stated, “I’m grateful to continue in my role in reforming the IRS.”
While the Treasury Department insists the agency’s “focus remains collections, privacy, and customer service,” internal sources say Shapley is preparing to fire Guy Ficco, the longtime head of the IRS’s criminal investigation division, and replace him with someone more aligned with the new administration’s mission. That could open the door to re-prioritizing investigations—and who exactly gets scrutinized.
Meanwhile, the IRS itself is hobbling along. Thanks to the ongoing government shutdown, the agency has had to furlough nearly half of its workforce, according to an updated contingency plan. Most operations are at a standstill, despite Democrats pouring billions into the IRS through Biden’s so-called “Inflation Reduction Act.”
But this might be exactly the opportunity Trump needs to install loyal reformers while the bureaucrats are offline.
Soros’ camp, of course, denies any wrongdoing and continues to distance itself from violent protests—but conservatives aren’t buying it. After years of watching Soros-funded DAs release criminals, bankroll chaos, and undermine police, many on the right say it’s high time the IRS stopped targeting small businesses and church bake sales—and started going after the real power brokers stirring division in America.
