Kevin Brady: “I include in the Record an August 2, 2022, blog post from the Committee on Ways and Means titled: ``New Schumer- Manchin…”

“I include in the Record an August 2, 2022, blog post from the Committee on Ways and Means titled: ``New Schumer- Manchin Bill Will Supercharge Long History of IRS Abuses.'' New Schumer-Manchin Bill Will Supercharge Long History of IRS Abuses, August 2, 2022. Despite a long history of IRS abuses, Democrats have revived their proposal to send 87,000 new IRS agents after you and your family-owned business on the belief that everyone is a tax cheat. The IRS has already been targeting lower and middle income earners, yet Democrats want to hire new IRS agents to audit individuals and small businesses. They've also promised to revive their invasive bank surveillance scheme. democrats want to increase audits for all individuals by more than 1.2 million per year: A Senate Finance Committee analysis shows the $45.6 billion for ``enforcement'' would ``predominantly hit taxpayers who have low (or very low) Adjusted Gross Income. Nothing in the proposal would change that fact.'' Nearly half of the audits would hit Americans making $75,000 per year or less. Low-income taxpayers making up to $25,000 per year would see more audits too. Despite a clear need for greater taxpayer customer service amidst a historic tax return backlog, only $3.2 billion of Democrats' $80 billion is earmarked for that purpose. Supercharging the IRS will lay the groundwork for the monitoring the Biden Administration has pledged to impose.…”