Political Quotes

“Madam President, as I am out and about across Tennessee, one thing I continue to hear from many Tennesseans and our small business owners is that one of the things they find very frightening is an IRS audit. Now, for a lot of our small business owners, when they talk about this, they mention how time-consuming it is and how it means sleepless nights and financial uncertainty and needless harassment because they are all working hard, and they are trying to comply with the law. As of last year--and I find this so very interesting. As of last year, nearly two-thirds of the IRS audits targeted Americans who were making less than $200,000, but in a misguided effort to fund the Biden- Harris administration's trillions in inflationary spending, the IRS recently doubled down on its pledge to ramp up audits on American taxpayers. We all know the administration had said no audits on taxpayers who are earning under $400,000, but bear in mind, two- thirds--two-thirds--of those audits were on taxpayers earning less than $200,000. Regularly, when I am doing meetings in our 95 counties, I will hear from small business owners, farmers, and independent contractors all across the State who are worried about being targeted by the IRS. This is the same Agency that received $80 billion from the Inflation Reduction Act, which was brought to us by this Biden-Harris administration--$80 billion to go out and hire 87,000 new agents.…”