The IRS recently received $80 billion in funding from the “Inflation Reduction Act” to hire 87,000 IRS agents, which analysis shows will increase inflation. In response, U.S. Senator Marsha Blackburn (R-Tenn.) introduced the IRS User Fee Reduction Act to stop the IRS from charging small businesses exorbitant user fees.
Since Joe Biden took office, prices have risen 13.2 percent. In the Volunteer State, Biden’s inflation will cost Tennesseans an extra $7,386 over the next year. This legislation will help businesses get the support they need from the IRS by lowering user fees for businesses with less than $5,000,000 in gross income by 95%.
“White House and Congressional Democrats want to weaponize the IRS by giving them billions of dollars, authorizing thousands of new agents, and allowing them to raise user fees for small businesses,” said Senator Blackburn. “This legislation prevents this massive overreach by ensuring that American businesses are not buried under exorbitant user fees – especially when they are already struggling to stay afloat in Joe Biden’s failing economy.”
