It has been variously called a Trojan horse or a wolf in sheep’s clothing. Let’s take a closer look at some of the reasons critics are labeling the 0 billion Inflation Reduction Act this way. First, the legislation provides billion over 10 years to the Internal Revenue Service (IRS) to increase enforcement actions by adding 87,000 employees, more than double the current staff. This dwarfs the current budget of .6 billion. It is estimated this will raise an additional 0 billion in tax revenue. Using past enforcement as a guide, this will affect low-and middle-income families. Eighty percent of...
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