Senate Democrats, on a party-line vote, rejected an amendment with their Inflation Reduction Act that could ban IRS (IRS) funds from used to follow working and middle-class Americans with audits and tax hikes.
On Sunday, Senate Democrats passed the Inflation Reduction Act which includes $80 billion for the IRS to focus on mostly working and middle-class American households, squeezed by inflation, with an increase of audits.
The Joint Committee on Taxation has reported that 78 to 90 percent of the taxpayer money raised via new audits and investigations due to the legislation would result from American households earning significantly less than $200,000 per year. Meanwhile, just four to nine percent is likely to result from households earning a lot more than $500,000 per year.
Sen. Mike Crapo (R-ID) offered an amendment that could ban the new IRS funds from used to focus on Americans earning significantly less than $400,000 annually. Crapo said the amendment ensured that President Joe Biden wouldn’t normally break his promise never to raise taxes on Americans earning significantly less than $400,000 per year.
The amendment, though, was rejected by all Senate Democrats on a party-line vote. The passed legislation, instead, only shows that Congress will not plan to raise taxes on households with annual incomes of significantly less than $400,000.
The Inflation Reduction Act is seemingly a violation of a promise Biden designed to American taxpayers in his latest State of the Union (SOTU) address in March.
And under my plan, nobody earning significantly less than $400,000 per year will pay yet another penny in new taxes. Nobody, Biden said at that time.
John Binder is really a reporter for Breitbart News. Email him at firstname.lastname@example.org. Follow him on Twitterhere.