IRS Commissioner Charles Rettig was instructed by Treasury Secretary Janet Yellen on Wednesday not to increase audits on the middle class with new funding.
Fox News contributor Jonas Max Ferris weighed in on the impact 87,000 IRS agents will likely have on middle-income American families on 'Kennedy.'instructed the IRS on Wednesday not to use any new funding from the Democrats' $740 billion social spending and taxation bill to increase audits on the middle class.
"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," Yellen wrote in a letter to IRS Commissioner Charles Rettig on Wednesday. passed by Senate Democrats
over the weekend, dubbed the Inflation Reduction Act, will inject $80 billion into the IRS, allowing the agency to hire an additional 87,000 employees. Senate Democrats projected that the additional IRS manpower will increase federal revenue by $124 billion over the next decade.
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