Tillis and Colleagues Introduce Legislation to Prevent New Funding from Targeting Taxpayers Earning Below $400,000

U.S Senator Thom Tillis (R-NC) and Senate Finance Committee Republicans reintroduced a bill to prevent the Internal Revenue Service (IRS) from using its $80 billion infusion of taxpayer dollars included in the partisan Inflation Reduction Act (IRA) to squeeze more revenue out of hardworking taxpayers who earn less than $400,000 per year. Estimates from the Congressional Budget Office confirmed increased audits would result in billions of dollars in additional revenue being collected from working Americans.