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. These billions are in addition to the billions already taken from this income group via IRS audits.
The revelation comes as Democrats and President Joe Biden’s administration have falsely claimed that the Inflation Reduction Act does not go after Americans earning less than $400,000.
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