On 8/8/2022, Joe Biden arrived in Lexington, Kentucky to survey damage from the recent floods. Joe Biden needed Jill Biden’s help to put on his own jacket. After 15 seconds of struggling to put on his own clothes, Dr. Jill had to intervene. Then Biden’s sunglasses fell off his head.
Joe Biden delivered brief remarks with Kentucky Governor Andy Beshear. “It’s not like it’s beyond our control. The weather may be beyond our control for now, but it’s not beyond our control. And I promise you, we’re staying – the federal government, along with the state and county, and the city – we’re staying until everybody’s back to where they were! Not a joke!” Biden said.
On 8/8/2022, Investor and Shark Tank’s Kevin O’Leary (Mr. Wonderful) said the Inflation Reduction Act bill allows the Internal Revenue Service (IRS) to “chase” middle class families, during a segment on CNBC’s “Squawk Box” with Joe Kernen, Becky Quick, and Andrew Ross Sorkin. He also tore apart the Inflation Reduction Act bill and how it’s “highly inflationary.”
U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, speaks on the Senate Floor urging colleagues to adopt an amendment to the mislabeled “Inflation Reduction Act” to protect low- and middle-income Americans from being audited under a proposal to increase IRS funding to the tune of $80 billion.
On 8/8/2022, President Joe Biden economic advisor Jared Bernstein refused to say middle class Americans would not see more IRS audits with the Inflation Reduction Act, during a segment on CNBC’s “Squawk Box” with Joe Kernen, Becky Quick, and Andrew Ross Sorkin.
On 8/7/2022, U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) filed an amendment to the Democrats’ misleadingly-named “Inflation Reduction Act of 2022” to prevent the IRS from using its massive, $80 billion cash infusion on enforcement actions designed to squeeze more revenue out of American taxpayers who earn less than $400,000 per year. Senator Crapo offers amendment to protect Middle Class, Small Businesses from supersized IRS, says beefed up enforcement funding cannot be used to target those making less than $400,000 per year.
Washington, D.C., “My colleagues claim this massive funding boost will allow the IRS to go after millionaires, billionaires and so-called rich ‘tax cheats,’ but the reality is a significant portion raised from their IRS funding bloat would come from taxpayers with income below $400,000,” said Crapo. “Otherwise, why would the legislative text say the funding isn’t intended to target taxpayers below that threshold? My colleagues and Americans know the real answer: small business owners, cash-heavy businesses and those who can’t afford legal teams are easy targets for the new IRS agents and their audits. My amendment would ensure the Democrats’ supersized-IRS proposal cannot violate the President’s pledge to not raise taxes on those making less than $400,000.”
Senator Crapo’s amendment would prevent the IRS from using any of the supersized $80 billion of funding for audits on hard-working American taxpayers, including individuals and small businesses, with taxable incomes below $400.000. The amendment has teeth, in contrast to the Democrats’ bill containing merely an unenforceable statement of intention to not squeeze more revenue out of the middle class. The Democrat-controlled Senate passed the massive spending package on Sunday, which reportedly aims to reduce the deficit and curb inflation while “extending enhanced Obamacare subsidies, spending more than $300 billion on climate change programs, and allowing Medicare to negotiate the price of drugs,” according to Breitbart News. The bill passed along party lines after moderate Manchin struck a deal with Biden after months of resistance. Vice President Kamala Harris provided the tie-breaking vote.
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Biden visited Kentucky beyond our control … not beyond our control; IRS to “chase” middle class families.