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Dems Reject Ban on Middle Class Tax Hikes in 'Inflation Reduction Act'

Dems Reject Ban on Middle Class Tax Hikes in 'Inflation Reduction Act'

Dems Reject Ban on Middle Class Tax Hikes in 'Inflation Reduction Act'
Aug 08, 2022 34 secs

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.

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