On the recordMarch 15, 2023
The President and I have committed that there will be no increase in audit rates on individuals or small businesses under $400,000, and I stand by that pledge.
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congress.govThe President and I have committed that there will be no increase in audit rates on individuals or small businesses under $400,000, and I stand by that pledge.
Yellen reassures that audits won't increase for low-income taxpayers.
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The most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.
He will oppose any tax increases on families earning under $400,000 at the same time that he will oppose keeping in place benefits that went to the wealthy.
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