Taxes

Sen. Elizabeth Warren and other Democrats have plans to give more power to the IRS to prepare taxes, and the Inflation Reduction Act starts that process

Democrats keep insisting that the Inflation Reduction Act will not impact those making $400,000 or less, but the CBO says those taxpayers will account for $20B in revenue from audits.

IRS Commissioner Charles Rettig was instructed by Treasury Secretary Janet Yellen on Wednesday not to increase audits on the middle class with new funding.

Senate Democrats passed the Inflation Reduction Act on Sunday, but the health care and climate spending bill could actually reduce millions of Americans' take-home pay.

The IRS received intense scrutiny for a job posting for "Criminal Investigation Special Agents" that noted agents are required to be willing to use "deadly force, if necessary."

Missouri State Treasurer Scott Fitzpatrick argued only the "Democratic Party of today" would deceptively name a colossal spending bill the "Inflation Reduction Act."

Senate Democrats on Sunday approved the sweeping Inflation Reduction Act, which includes a slew of new taxes on corporations, including a 1% excise fee on stock buybacks.

President of Americans for Tax Reform Grover Norquist slammed President Biden for breaking his promise not to raise taxes on any American earning less than $400,000 a year through the Democrats' spending and tax bill.

The Inflation Reduction Act provides $80 billion for the Internal Revenue Service to enhance its tax enforcement, but some Americans worried they'll get audited.

Senate Democrats on Sunday passed a sweeping spending package targeting health care and climate change, funded by a slew of new taxes targeting stock buybacks and corporations.