Following the passage of the Inflation Reduction Act, the IRS has successfully recovered over $500 million in taxes without raising audit rates on individuals making less than $400,000 annually. The Act has provided the IRS with enhanced tools to target ultra-rich Americans and corporations, ensuring they pay their due taxes and contributing to a significant reduction in the federal deficit by hundreds of billions of dollars. Democrats highlight that these measures have led to improved customer service, increased accountability, and a level playing field, while Republicans face criticism for their attempts to repeal the Act, which is seen as a move against the interests of the general public. It is noted that every Republican in Congress voted against the Act.
With the Inflation Reduction Act, the IRS now has the resources to go after wealthy tax cheats who hide their income using complex schemes. The increased funding has also helped the IRS improve customer service and reduce wait times. https://t.co/tM6XxCQ4jX
Great news! The Inflation Reduction Act is set to bring in hundreds of billions of dollars from billionaire tax cheats and corporations that haven’t paid taxes for years. @HouseDemocrats are committed to making the wealthy pay their fair share! https://t.co/uweAGUD8iW
Thanks to investments from the Inflation Reduction Act, the IRS has improved customer service and increased accountability to ensure the wealthy and well-connected are paying their fair share. That’s welcome news to folks who want a level playing field. https://t.co/wGZQY9SgMX
Icymi the IRS will collect hundreds of billions from rich tax cheats thanks to the law Democrats passed to provide more resources. Reminder that every republican in Congress voted against helping IRS crackdown on millionaire tax cheats that steal from you. https://t.co/Ax0xsxWJ0N
With the Inflation Reduction Act, we gave the IRS the tools to ensure more ultra-rich Americans and corporations pay the taxes they owe — reducing the deficit by hundreds of billions of $$. That Republicans are trying to repeal it is a reminder of who they're really working for. https://t.co/NGsxtYJx97
Thanks to the #InflationReductionAct, which I helped pass, the IRS has recovered over $500 million without increasing audit rates on people making less than $400k per year. It’s time for wealthy tax cheats and big corporations to pay their fair share. https://t.co/tj52S5bWn7