On Wednesday, U.S. Rep. Randy Feenstra (R-Hull) helped introduce the Family and Small Business Taxpayer Protection Act led by Rep. Adrian Smith (R-NE), which would repeal the IRS enforcement funding in the Democrats’ so-called Inflation Reduction Act and prevent the Biden Administration from hiring 87,000 new IRS agents to target middle-class families and small business owners.
“President Biden’s plan to hire 87,000 new IRS agents is a disastrous policy that would raise taxes on middle-class families, cause unnecessary headaches for small business owners, and target honest, hardworking American taxpayers,” said Rep. Feenstra. “As a fierce advocate for taxpayers and job creators in Congress, I am proud to support this commonsense legislation to stop IRS overreach, halt tax hikes, and cut red tape for Iowa farmers, families, and main street businesses.”
In August, Feenstra joined the entire House Republican Conference in opposing the so-called Inflation Reduction Act – more aptly named the Inflation Expansion Act – which commits $369 billion to green energy mandates, $80 billion to hire an army of 87,000 IRS agents, and hundreds of billions in other wasteful, liberal agenda items.
According to the Government Accountability Office, more than 90% of audits target American families who make less than $400,000 per year. The Biden Administration has also made clear its plans to audit pass-through businesses with assets greater than $200,000, which encompasses most farms and small businesses in the United States.
You can find the full legislative text HERE.
