Senate Democrats, after a party vote, rejected an amendment to their “Inflation Reduction Act” that would ban Internal Revenue Service (IRS) funds from going 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 primarily working and middle-class American households, pressured by inflation, with more audits.
The Joint Taxation Committee has reported that 78 to 90 percent of taxpayer money raised by new audits and investigations as a result of the legislation would come from U.S. households earning less than $200,000 a year. Meanwhile, only four to nine percent are expected to come from households earning more than $500,000 a year.
sen. 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 a year. Crapo said the amendment ensured President Joe Biden wouldn’t break his promise to not impose taxes on Americans who earn less than $400,000 a year.
However, the amendment was rejected by all Senate Democrats after a party vote. By contrast, the legislation passed only suggests that Congress does not “intend” to impose taxes on households with annual incomes less than $400,000.
The Inflation Reduction Act appears to be in violation of a pledge Biden made in his most recent State of the Union (SOTU) address to US taxpayers in March.
“And according to my plan, no one making less than $400,000 a year will pay an extra cent in new taxes. No one,” Biden said at the time.
John Binder is a reporter for Breitbart News. Email him at email@example.com. Follow him on Twitter here.