Category: 400

Supercharged IRS Will Collect $20 Billion More From Americans Making Less Than $400,000 Under Inflation Reduction Act: Report

August 13, 2022
000400Business & MarketscongressDemocratseconomic policieseconomyIRSPolicies & ImpactsPoliticstax auditsUSUS News
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Republicans on the House Ways and Means Committee say they have received information from the non-partisan scorekeeper at the Congressional Budget Office (CBO) challenging the Biden administration’s narrative that Americans making less than $400,000 a year won’t see higher IRS audit rates. The remarks came in an Aug. 12 statement that was published as the…

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Study Reveals Spending Bill Would Raise Taxes on Middle Class, Despite Biden’s Promise

November 12, 2021
000400DemocratseconomyJoe BidenPoliticsSaltSpending billtaxTax Policy CentertaxesUSUS News
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President Joe Biden’s Build Back Better spending plan would raise taxes on middle-class Americans, according to a study released Thursday, despite the president’s pledge that taxes would only increase for Americans earning $400,000 or more per year. The Tax Policy Center study instead revealed a significant percentage of middle-income households would pay increased taxes in…

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