An analysis by the CBO estimates those earning less than $400,000 will pay an estimated $20 billion more in taxes over the next decade as a result of the Democrats’-pushed $740 billion packag…
Small business owners will find themselves in the crosshairs of the new wave of IRS auditors, tax experts said.
“The IRS will have to target small and medium businesses because they won’t fight back,” adds Joe Hinchman, executive vice president at National Taxpayers Union Foundation. “We’ve seen this play out before … the IRS says ‘We’re going after the rich’ but when you’re trying to raise that much money, the rich can only get you so far.”
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ABC’s Jon Karl questions Inflation Reduction Act’s name: ‘Almost Orwellian’The CBO found recently passed bill would have a “negligible” impact on inflation this year and next.
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Drug-Price Rules for Seniors Change With Passage of Climate and Health BillMedicare will negotiate some drug costs and cap seniors’ prescription payments under the Inflation Reduction Act that passed in the House.
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Pelosi says GOP votes against Inflation Reduction Act were against 'Mother Earth'House Speaker Nancy Pelosi was mocked on social media over a comment comparing support of the Inflation Reduction Act to the support of the planet and 'Mother Earth.'
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Inflation Reduction Act could fund an environmental justice hub in northeast Houston, Rep. Jackson Lee saidU.S. Rep. Sheila Jackson Lee wants environmental justice funds in the Inflation Reduction...
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ABC’s Jon Karl questions Inflation Reduction Act’s name: ‘Almost Orwellian’The CBO found recently passed bill would have a “negligible” impact on inflation this year and next.
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Advice | Teachers get a pitiful $50 tax deduction bump for supplies for 2022Advice: As the new school year approaches, the IRS reminds educators they get up to a $300 tax deduction for school supplies. Inflation increased the tax deduction for the first time in 20 years.
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