On Friday’s broadcast of the Fox News Channel’s “America Reports,” House Minority Whip Rep. Steve Scalise (R-LA) reacted to the Congressional Budget Office (CBO) estimating that the increased IRS enforcement in the Inflation Reduction Act will result in people making less than $400,000 paying $20 billion in new taxes by pointing out that Senate Democrats rejected an amendment to prevent increased audits of people making less than $400,000 because it’s “their intention” to raise taxes on those making less than $400,000.
Scalise said, “[J]ust look at what CBO has said so far. They haven’t evaluated the whole bill. They have said this army of 87,000 new IRS agents, more than doubling the size of the IRS, that they will be going after people making less than $400,000. That would break President Biden’s pledge. They said, by the way, that lower-income families will be paying $20 billion in new taxes just from the IRS agents.”
He added, “There was an amendment to make sure that would not apply to people making under $400,000, and every Democrat in the Senate voted against it, so the amendment was defeated. So, clearly, their intention is not the millionaires and billionaires. Their intention is this 87,000 army. Think of an NFL stadium, any NFL stadium in America, completely filled with new IRS agents going after people making less than $400,000, in violation of President Biden’s promise. It’s been guaranteed. We know that it will happen. CBO confirmed it today.”
Follow Ian Hanchett on Twitter @IanHanchett
Developing Story - Trump administration oversaw a RADICAL change to the tech world… one that could unleash a huge wave prosperity… and wealth creation in the near future. Find Out More