Independent and non-partisan analysis agrees that new funding will target the poor
Arrington 22, on the House Budget Committee (“CBO Confirms Inflation Act Unleashes IRS Audits and Enforcement on Families Making Less Than $400,000,” House Budget Committee, https://budget.house.gov/press-release/cbo-confirms-inflation-act-unleashes-irs-audits-and-enforcement-on-families-making-less-than-400000/)//BB
A new report from the Congressional Budget Office (CBO) confirms that Democrats’ Inflation Act, which supercharges the IRS with 87,000 new agents, will lead to more audits and enforcement measures, and higher taxes for families making less than $400,000. The analysis comes in a response to House Budget Committee Republican Leader Jason Smith (MO-08) and House Ways and Means Committee Republican Leader Kevin Brady (TX-08). CBO’s analysis finds that revenues will be collected from American families with incomes of less than $400,000. CBO also confirmed that Secretary Yellen’s directive to IRS Commissioner Rettig fails to prohibit an increase on enforcement activities, including automated screening and document matching. Should audits return to “historical levels,” as per Secretary Yellen’s directive, lower- and middle-income earners could face an increase of 710,000 additional audits. CBO confirmed Democrats’ Inflation Act would increase the IRS budget beyond its previous historical high in 2010, when the agency was found to have targeted conservative groups.