CBO: Democrat Deal Takes $20B from Working, Middle Class Americans with New IRS Audits

CBO: Democrat Deal Takes $20B from Working, Middle Class Americans with New IRS Audits


The Democrats’ “Inflation Reduction Act” is set to squeeze $20 billion from working and middle class Americans with new funding for increased Internal Revenue Service (IRS) audits, the Congressional Budget Office (CBO) estimates.

On Friday, House Democrats passed the Inflation Reduction Act after Senate Democrats passed the bill earlier this week.

Hours before its passage in the House, lawmakers received the bill’s CBO score — revealing that billions will be taken from working and middle class Americans as a result of billions in new funding for IRS audits.

Specifically, the CBO estimates that the Democrats’ $80 billion for new IRS audits will take at least $20 billion from working and middle class Americans earning less than $400,000 a year. These billions are in

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