Senate Democrats passed the “Inflation Reduction Act” that includes $80 billion for the Internal Revenue Service (IRS) to target American households, squeezed by inflation, with more audits. Essentially, on Sunday, in a party-line vote, Senate Democrats, rejected an amendment to this legislation, that would ban IRS funds from being used to go after working and middle-class Americans with audits and tax hikes.
As a result of this legislation, the Joint Committee on Taxation has reported that 78 to 90 percent of the taxpayer money raised via new audits and investigations, would come from American households earning less than $200,000 a year, with four to nine percent expected to come from households earning more than $500,000 a year.
President Joe Biden, in his most recent State of the Union (SOTU) address in March, had boasted, in his explanation of the plan-
“And under my plan, nobody earning less than $400,000 a year will pay an additional penny in new taxes. Nobody,”- President Joe Biden
So much for Joe and his impeccably consistent word of honor. The Inflation Reduction Act is seemingly one more violation of a Biden promise, made to American taxpayers. It would seem his word continues to be worthless – but then sadly Americans knew that.
An amendment, that would ban any of the new IRS funds from being used to target Americans earning less than $400,000 annually, was offered by Sen. Mike Crapo (R-ID). Ensuring that President Joe Biden would not break his promise, to not raise taxes, on Americans earning less than $400,000 a year, the measure was rejected by all Senate Democrats on a party-line vote. Reportedly, the passed legislation, only “suggests” that Congress does not “intend” to raise taxes on households with annual incomes of less than $400,000.
What they, the Democrats in Congress “intend”, is to squeeze the life out of Americas middle class, working had and taxed heavily to subsidize, this administration “pork projects” for the climate change agenda, their massive handouts to the illegal migrant populations, and their political subsidies to the rest of the world.
This legislation is one more example of the Democratic left – stabbing the U.S. Taxpayers in the back, while hitching them to an ox cart and literally whipping them, to pull it.
Their actions as demonstrated by the passage of this “Income Reduction Act”, CLEARLY lets U.S. taxpayers know where the Democrats stand, with regard to their zeal to hold office no matter what the price tag is to this nation.
As stated in an earlier article - this nation is at cross-roads, and every citizen needs to take the mid-term elections seriously. To not do so, is to seal America’s fate at the hands of the progressive left, who are actively pursuing a Socialist America without regard for the Constitution, the Bill of rights and the rule of law. Clearly, they will stop at nothing and need to be stopped. Every vote counts at this point – America needs to see this cancer for what it is and come together to cut it out, no matter the cost.
“If you aren’t actively standing up for what is right, you’re, part of the problem”-Unknown