Quote:
Originally Posted by Chico23231
The Inflation reduction act….which is a lie to begin with, it doesn’t lower inflation….
Will raise taxes on everyone, confirmed:
The bipartisan Joint Committee on Taxation calculated that, altogether, the bill will raise taxes on every income bracket and that people making less than $400,000 a year will bear most of the total tax increase.
Feel free to check the facts here:
https://www.finance.senate.gov/imo/m...uction_act.pdf
So during a recession, facing historic inflation spurned by the American Rescue plan and Biden energy policy, now he will raise taxes on Americans working the hardest.
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The IRS currently has 75K people. In an un-friggen-believable move this bill increases the IRS by 87K people. Yes that's right a more than 110% expansion of the IRS. When was the last time any department grew by that much? I don't recommend anyone itemizing on their taxes anytime soon.