Republicans are warning American middle-class families and small-business owners how they will soon be the targets of the Internal Revenue Service (IRS), once President Joe Biden signs into law Democrat-backed legislation that includes funding to hire 87,000 new tax agents.
The legislation, known as the “Inflation Reduction Act,” was approved by a party-line vote of 51 to 50 in the Senate on Aug. 7, with Vice President Kamala Harris casting the tie-breaking vote. The $740 billion spending bill includes a provision to allocate $80 billion to the IRS, of which $45.6 billion is for tax enforcement activities.
In other words, the IRS could hire as many as 87,000 new agents with the new funding, once the legislation is passed by the House and then signed into law….