Senate minority whip John Thune shares his key takeaway from the passage of the Democrats' major spending bill on 'Special Report.'White House economic adviser Jared Bernstein appeared on CNBC's Squawk Box Monday and was interviewed by host Brian Sullivan, who questioned him about the impact the Inflation Reduction Act will have on taxpayers.
"I want to be clear, is the president guaranteeing nobody making under $400,000 will be audited [by the new agents]?" asked Sullivan. This photo taken April 13, 2014 shows the headquarters of the Internal Revenue Service in Washington. Bernstein did not answer the question regarding who the extra IRS agents would audit, and instead restated his pledge that people making under $400,000 per year will not pay more in taxes. that according to the nonpartisan Joint Committee on Taxation , Bernstein's pledge is not true. According to the JCT, Americans making less than $10,000 per year would see a 0.3% tax hike starting in 2023. Overall, starting in 2023, taxes would increase by $16.
470 billionaires. 87,000 IRS agents. Obvious who they are going after
87,000 , you go Joe, get those Democrats who put you in.
Does anyone really believe that the plan to collect more taxes from the Rich will work? So now we are Spending Billions in hopes it will come in! My prediction is the Cost of Employees will Be Larger that the Tax they collect Then we get the Bill What Happens when It Doesn't?
87,000?
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