The recent passing of the $740 billion “Inflation Reduction Act,” has brought considerable criticism as the bill will raise taxes on most Americans making under $400,000 — and will allow for the hiring of 87,000 additional Internal Revenue Service (IRS) agents to increase tax audits on Americans.
Sen. Ben Cardin (D-Md.) attempted to alleviate the criticism with an appearance on “Fox News Sunday,” where host Mike Emmanuel asked about the hiring of tens of thousands of IRS agents — a proposal that “scare[s] the heck out of millions of Americans,” according to The Daily Wire.
“Millions of Americans aren’t going to be impacted by that other than getting better service from the IRS having their telephone answer getting the questions they need in order to comply with our tax laws,” Cardin explained. “The auditing is going to be focused on those of high income, the large corporations, etc.”
“So there’s no reason to be fearful,” he continued, adding, “And if you have paid your taxes and if you comply with our laws, you should want to make sure everyone else does that.”
Backing up Cardin’s assertion to calm Americans worried about increased auditing, IRS commissioner Charles P. Rettig recently told Congress if the agency received the requested $80 billion via the “Inflation Reduction Act,” the IRS would not increase audits on Americans making under $400,000 a year, per The New York Times.
“These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans. As we have been planning, our investment of these enforcement resources is designed around Treasury’s directive that audit rates will not rise relative to recent years for households making under $400,000,” the commissioner wrote in a letter to Congress.
While Democrats and the commissioner claim the army of IRS agents would not increase auditing on middle-class Americans and small businesses, it’s important to note over half of audits last year were conducted on Americans making less than $75,000, The Washington Post reported.
In response to the bill, prominent Republicans have attacked it repeatedly, with Sen. Ted Cruz (R-Texas) giving a lengthy speech on the Senate bill during its negotiation.
“There are a lot of bad things in this bill, but few are worse than the proposal by Democrats in this bill to double the size of the IRS and create 87,000 new IRS agents,” Cruz reportedly said during his Senate floor speech.
“I guarantee you, citizens, in every one of our states, if you ask them, ‘What do they want?’ they don’t want 87,000 new IRS agents. And they’re not being created to audit billionaires or giant corporations. They’re being created to audit you,” the Texan added.
While Democrats claim the agents will solely be used to audit corporations and the few hundred billionaires across the U.S., their actions say otherwise.
An amendment was introduced to the bill by Sen. Mike Crapo (R-ID.) aimed at preventing, “the use of additional Internal Revenue Service Funds from being used for audits of taxpayers with taxable incomes below $400,000 in order to protect low- and middle-income earning American taxpayers from an onslaught of audits from an army of new Internal Revenue Service auditors funded by an unprecedented, nearly $80.000.000.000, infusion of new funds.”
The amendment failed, however, on a party-line vote with all 50 Democrats voting against it. Liberals will not keep their word and will say whatever it takes to get their $740 billion bloated package passed.
In a time when the United States is in a recession, Americans all over are struggling economically. And while inflation is at 9.1 percent, Democrats dare to ask for more hard-earned money out of your pockets. Remember to vote in November.
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