House Republicans introduced legislation late Thursday that would prevent the Internal Revenue Service from using its $80 billion budget boost to audit the returns of taxpayers with taxable incomes below $400,000.
The bill was introduced by Rep. Kevin Brady, R-Texas, ranking minority member on the House Ways and Means Committee and is co-sponsored by every Ways and Means Republican. Senator Mike Crapo, R-Idaho, has introduced companion legislation in the Senate.
The Inflation Reduction Act — signed into law by President Joe Biden on Aug. 16 — injects the Internal Revenue Service with $80 billion in new funds. The big question now is how the agency will use it.
"No matter what they deny, Democrats in Washington are unleashing an army of IRS agents on middle class taxpayers who work hard and don't deserve to be harassed," Brady said in a statement.
Republicans have argued that the IRS will send an "army" of 87,000 IRS agents to conduct more than 700,000 new audits a year. Both claims have been debunked.