Build Back Better-Funded IRS Would Be ‘Nightmare’ for American Families: GOP Memo-US News | The Epoch Times

House Minority Leader Kevin McCarthy (R-Cali.) said a memo (pdf) distributed to Republican lawmakers on Nov. 18 that the expanded provisions in President Joe Biden’s social spending package would result in an additional 1.2 million IRS audits annually. Nearly 50 percent of the audits—over 583,000—would affect families earning less than $75,000, and 25 percent—over 313,000—would focus on those earning up to $25,000 per year. According to the memo, which was written by GOP members of the tax-writing House Ways and Means Committee, $80 billion is allotted in mandatory funding toward the IRS, which will help in recruiting 87,000 new agents, who will increase scrutiny on Americans at every income level. “President Biden wants to double Americans’ chances of getting audited in order to squeeze every single dollar they can from American families and small businesses to fund the most expensive piece of legislation in history,” McCarthy said in a statement, …

Naveen Athrappully

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