Long title | To rescind certain balances made available to the Internal Revenue Service. |
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Announced in | the 118th United States Congress |
Number of co-sponsors | 82 |
Codification | |
Acts affected | Inflation Reduction Act of 2022 |
Legislative history | |
|
The Family and Small Business Taxpayer Protection Act is a proposed United States law that would rescind the expansion of the Internal Revenue Service included in the Inflation Reduction Act of 2022. [1] It was the first bill to be introduced in the 118th Congress.
Proponents of the bill, Congressional Republicans, claim that the bill is necessary to protect middle-class Americans from increased audits and scrutiny from the IRS and hold the institution accountable. [1] Opponents of the bill, Congressional Democrats and President Joe Biden, claim that the bill would allow higher-income Americans to avoid paying taxes and would increase the national debt. [2]
The Fiscal Responsibility Act of 2023 includes a provision that is based on this proposed act, rescinding $1.4 billion of the IRS expansion introduced by the Inflation Reduction Act.
It was previously introduced in the 117th congress. [3]
Long title | To rescind certain balances made available to the Internal Revenue Service. |
---|---|
Announced in | the 118th United States Congress |
Number of co-sponsors | 82 |
Codification | |
Acts affected | Inflation Reduction Act of 2022 |
Legislative history | |
|
The Family and Small Business Taxpayer Protection Act is a proposed United States law that would rescind the expansion of the Internal Revenue Service included in the Inflation Reduction Act of 2022. [1] It was the first bill to be introduced in the 118th Congress.
Proponents of the bill, Congressional Republicans, claim that the bill is necessary to protect middle-class Americans from increased audits and scrutiny from the IRS and hold the institution accountable. [1] Opponents of the bill, Congressional Democrats and President Joe Biden, claim that the bill would allow higher-income Americans to avoid paying taxes and would increase the national debt. [2]
The Fiscal Responsibility Act of 2023 includes a provision that is based on this proposed act, rescinding $1.4 billion of the IRS expansion introduced by the Inflation Reduction Act.
It was previously introduced in the 117th congress. [3]