Quote:
Originally Posted by mostpost
Once again you post a complete lie. There are no new taxes on the middle class in the IRA. A new tax would be if the income tax rate on persons earning less than $400,000 was raised. It was not. AAnew tax would be if the sales tax was raised. It was not. No taxes were raised for this group. No new taxes were imposed on this group.
That extra $20B is a fiction based on little to no evidence. The claim is the IRS With it’s additional resources is going to be targeting small businesses. This I’d preposterous. Small business means small tax fraud, if any. It may be two or three times as difficult to enforce the law and collect delinquent taxes against a large corporation, but the payoff can be hundreds of times greater.
These big corporations and their media shills like Fox are desperate to stop this law. Too late!!!!!! So they are trying to trick us into believing we are the targets. The fact is, The New York Post and the talking heads on Fox News care nothing about the middle class. We are just cannon fodder to be used in the war .
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I thought the CBO was non-partisan and supposed to be trusted.
Didn't you guys always cite the CBO during the Trump years?
What am I supposed to do now?
If the CBO says middle class is going to get whomped with 20B in new taxes thanks to this bill...are you saying they are lying?
Quote:
Key Point: At least $20 billion of the revenue Democrats hope to collect from taxpayers with a supercharged IRS would come from lower- and middle-income earners and small businesses, according to a new analysis by the nonpartisan congressional scorekeeper. That’s in addition to existing audits of these income levels.
Explanation: Last weekend, all 50 Senate Democrats voted against an amendment offered by Senate Finance Republican Leader Mike Crapo (R-ID) that would have protected lower- and middle-income American taxpayers against new audits by the IRS.
The Congressional Budget Office (CBO) confirms that had this amendment passed and lower- and middle-income taxpayers been protected, revenue in Democrats’ bill would have been reduced by at least $20 billion – confirming that at least $20 billion of the $124 billion in new revenue expected by a supercharged IRS will be coming from higher audits on low- and middle-income Americans. This will be in addition to existing audits on these income levels.
From CBO:
“CBO has not completed a point estimate of this amendment but the preliminary assessment indicates that amendment 5404 would reduce the ‘non-scorable’ revenues resulting from the provisions of section 10301 by at least $20 billion over the FY2022-FY2031 period.”
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https://gop-waysandmeans.house.gov/c...come-families/
BOOMER gets BUSTED
