The Biden administration has promised not to raise taxes on anyone making under $400,000 a year. And despite estimates from official congressional scorekeepers that the Schumer-Manchin-Biden tax increase indeed would raise taxes on those Americans, the administration has doubled down on the claim as a final vote nears on Democrats’ bill.
Treasury Secretary Janet Yellen sent a letter Wednesday to IRS Commissioner Charles P. Rettig that includes this statement:
Specifically, I direct that any additional resources—including any new personnel or auditors that are hired—shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels.
Fact-Checking Team Biden on Who Those 87,000 New IRS Agents Would Audit
- by: Rachel Greszler
- 08-12-2022
- Source:
The Daily Signal
- 08/12/2022
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