Political Quotes

“The Joint Committee on Taxation estimates 78 to 90 percent of new revenue from unreported income will come from folks earning less than $200,000 per year. I think we need to be very cautious as we move forward and grow an agency that even President Clinton pushed back on when he was President, realizing that the agency was harassing the American people. Mr. McGOVERN. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I want to make clear to my colleagues that, actually, in the Senate bill, there was explicit language that made it very clear that none of this money would be used for audits for people earning $400,000 or less or targeting small businesses. But Republicans over in the Senate insisted that the language be stripped out, and now they are complaining about it. But do you know what? I have good news for you. Mr. Speaker, I include in the Record a letter from Treasury Secretary Janet Yellen that makes it crystal clear that that is not what is going to happen, along with a letter from Donald Trump's appointed IRS Commissioner, who is still there, who made it very clear that it won't be used for that. Secretary of the Treasury, Department of the Treasury, Washington, DC, August 10, 2022. Charles P. Rettig, Commissioner, Internal Revenue Service, Washington, DC.…”