Dems Reject Ban on Middle Class Tax Hikes in ‘Inflation Reduction Act’
Senate Democrats in a partisan vote rejected an amendment to their Reducing Inflation Act that would bar IRS funds from being used to hunt down America’s working class through audits and tax increases and middle class.
On Sunday, Senate Democrats passed the Reducing Inflation Act, which includes $80 billion in funding for the IRS to conduct more audits of most working and middle-class American households squeezed by inflation.
The Joint Commission on Taxation reports that 78% to 90% of taxpayer funds raised through new audits and investigations will come from U.S. households earning less than $200,000 a year. Meanwhile, only 4% to 9% of households are expected to earn more than $500,000 a year.
Courtesy of Senator Mike Crapo (R-ID) Amendment This would prohibit any new IRS funds from being directed to Americans earning less than $400,000 a year.Amendments ensure President Joe Biden doesn’t undermine, says Crapo his promise No tax increase for Americans earning less than $400,000 a year.
However, the amendment was rejected by all Senate Democrats in a partisan vote. Instead, the legislation passed simply indicates that Congress does not “intend” to raise taxes on households earning less than $400,000 a year.
The Reducing Inflation Act appears to violate a promise Biden made to the American taxpayer during his most recent State of the Union (SOTU) speech in March.
“Under my plan, people who make less than $400,000 a year won’t pay a penny in new taxes. No one,” Biden said at the time.
John Binder is a reporter for Breitbart News. Send an email to email@example.com him on twitter here.