CBO: Democrat Deal Takes $20B from Working, Middle Class Americans with New IRS Audits

The Democrats’ “Inflation Reduction Act” is set to squeeze $20 billion from working and middle class Americans with new funding for increased Internal Revenue Service (IRS) audits, the Congressional Budget Office (CBO) estimates.

Hours before its passage in the House, lawmakers received the bill’s CBO score — revealing that billions will be taken from working and middle class Americans as a result of billions in new funding for IRS audits.

Specifically, the CBO estimates that the Democrats’ $80 billion for new IRS audits will take at least $20 billion from working and middle class Americans earning less than $400,000 a year.

Mike Crapo (R-ID) that would have banned the new IRS funding from being used to go after working and middle class Americans — ensuring that additional audits would only target high-income earners.