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IPFS News Link • Internal Revenue Service

Which Americans are most likely to be audited by IRS under 'Inflation Reduction Act?'

• World Net Daily

Tax audits for middle-class Americans would skyrocket with final passage of the Inflation Reduction Act, predicts a congressman who focuses on the federal budget and helped craft the Trump tax cuts.

Rep. Kevin Brady, R-Texas, ranking member of the House Ways and Means Committee, says he expects a surge in tax audits by the Internal Revenue Service as a result of Democrats' bill, which passed through the Senate on Sunday after Vice President Kamala Harris cast a tie-breaking vote.

In a press release, Brady used IRS data to estimate that the Democrats' bill, if passed as is, would amount to 1.2 million new audits of taxpayers per year. Over 710,000 of these audits would fall on Americans who earn $75,000 a year or less, the Texas Republican said.