Report: Congressional Budget Office Contradicts White House on IRS Expansion Bill
13th August 2022
A Congressional Budget Office report found that the Internal Revenue Service will collect billions of dollars from auditing low- and middle-income Americans under the White House-backed “Inflation Reduction Act,” contradicting Biden administration claims, according to Republicans on the House Ways and Means Committee.
Fox News confirmed the report, finding the CBO informed congressional Republicans that, under the act, audits of taxpayers making under $400,000 will account for about $20 billion in additional revenue.
August 13th, 2022 at 17:26
Audits of families with less than $200,00 income constitute 75% of audits performed. Yellen said that that RATE would remain the same. They lie like rugs.
August 14th, 2022 at 02:14
It’s what they do best.