Dems Reject Ban on Middle Class Tax Hikes in 'Inflation Reduction Act'
Senate Democrats, on a party-line vote, rejected an amendment to their “Inflation Reduction Act” that would ban Internal Revenue Service (IRS) funds from being used to go after working and middle-class Americans with audits and tax hikes.
On Sunday, Senate Democrats passed the Inflation Reduction Act which includes $80 billion for the IRS to target mostly working and middle-class American households, squeezed by inflation, with more audits.Mike Crapo (R-ID) offered an amendment that would ban any of the new IRS funds from being used to target Americans earning less than $400,000 annually.
Crapo said the amendment ensured that President Joe Biden would not break his promise to not raise taxes on Americans earning less than $400,000 a year.