The White House Is Lying About Democrats’ Middle-Class Auditing Scheme
By: Olivia Hajicek
August 10, 2022
While the Democrats’ so-called Inflation Reduction Act will use taxpayer dollars to pack the Internal Revenue Service with 87,000 new agents, White House Press Secretary Karine Jean-Pierre claimed there won’t be any new audits on people making less than $400,000 a year.
The claim is ridiculous on its face. Over 99 percent of Americans make less than $400,000 per year. And while the IRS employs more than 78,000 people full-time, the agency has fewer than 66,000 agents as of March to handle its audits. But the Biden White House wants you to believe these 87,000 new agents will be reserved for auditing the top 1 percent, with no effect on everyday Americans.
Despite claims that the new audits will target the rich, all available evidence suggests the opposite. As Fox Business’s Thomas Catenacci reported, an analysis from House Republicans estimates that “Americans who earn less than $75,000 per year are slated to receive 60% of the additional tax audits.” That annual salary accounts for roughly three-quarters of Americans and covers the lower and much of the middle class.
“Overall, the IRS would conduct more than 1.2 million more annual audits of Americans’ tax returns,” Catenacci wrote of the analysis, and individuals with an annual income of $75,000 or less would be subject to more additional audits than those making more than $1 million.
more
https://thefederalist.com/2022/08/10/the-white-house-is-lying-about-democrats-middle-class-auditing-scheme/
