Rep. Steve Scalise (R-La.) said that the Democrat spending bill that boosts IRS funding is “guaranteed” to squeeze more tax revenue from middle- and lower-income Americans despite Biden administration insistence that households making less than $400,000 won’t face higher taxes or audit rates.
Scalise, who is the House Republican whip, made the remarks on the House floor and in an interview on Fox News on Aug. 12, the day the Democrat-controlled House passed the Inflation Reduction Act.
“The smoking gun came out this morning,” Scalise said on the House floor, referring to a statement from the non-partisan scorekeeper at the Congressional Budget Office (CBO) that reportedly confirmed that $20 billion in additional tax revenue would come from middle- and lower-income households owing to the IRS enforcement funding boost.
“It was a confirmation that the IRS agents will be getting about $20 billion in new taxes from people making less than $400,000,” Scalise said, while characterizing the CBO statement as confirmation that the bill “breaks President [Joe] Biden’s promise” that Americans making less than that amount shouldn’t worry as their taxes won’t go up. Read more…