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Rep. Ted Budd (R-NC) has submitted an amendment to the “Inflation Reduction Act” that would prohibit the Internal Revenue Service (IRS) from using new funding to conduct audits on individuals making less than $400,000 per year.
The Senate failed to adopt a similar amendment from Sen. Mike Crapo (R-ID) after all 50 Democrats opposed it.
Read the legislative text of the amendment HERE
Rep. Ted Budd said in a statement:
“Contrary to the claims of Congressional Democrats, the massive IRS funding increase will have a catastrophic effect on America’s small businesses and those who don’t have the money to afford high-priced tax attorneys. Working families should not be treated like tax cheats, and my amendment will ensure that they are protected.”
