On the recordAugust 12, 2022
The American people are sick and tired of runaway government promises of how excessive spending, tax increases, and Green New Deal special interest investments are somehow going to make their lives better and reduce inflation. Yet, we are here today in this Chamber to raise taxes on the American people, hire 87,000 new IRS auditors forever more, Mr. Speaker, and pass over a half trillion dollars in new government spending, all in the name of the Inflation Reduction Act. Mr. Speaker, is this some sort of joke? Do we actually think that the American people believe that? Well, they don't. By the way, regarding the $400,000 less won't get taxed, if a pass- through business makes $400K and the partners pay themselves $100,000 each, they will fall under the audit initiative by the IRS. As well, the projections for IRS hiring do not count only taxing those over $400K, so the whole thing was made up to make it sound better than it is. Mr. Speaker, I urge a ``no'' vote.
