Tag: 400

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

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…


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

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…