A group of Republican U.S. senators introduced a new bill on Sept. 11 designed to curtail the growing power of the Internal Revenue Service (IRS).
The bill, which is sponsored by Senators James Lankford (R-Okla.) and Mike Crapo (R-ID), responds to the Inflation Reduction Act signed into law in August, which allots $80 billion of additional funding to the IRS. The new surplus in funding has raised alarms that the IRS will use its power to harass middle-class Americans, and it is this fear that the new bill attempts to address.
The purpose of the bill is simple: The proposed legislation stipulates that none of the additional funding provided to the IRS in the Inflation Reduction Act should be used to audit Americans making less than $400,000 annually….