Inflation Reduction Act of 2022
• Places a $52 billion tax increase on small businesses.
• Places $72 billion tax increase on seniors’ retirement and 401(k)s
• Increases taxes by nearly $17 billion for taxpayers earning less than $200,000
The IRS is now bigger than the FBI, DHS, and Border Control agencies combined. Even Bernie Sanders admitted this "inflation reduction act" will do nothing to reduce inflation. Half of IRS audits will have to come from people making under $75K/year.
“no SALT, no deal.”*
*except when the deal will include more inflationary spending, 87,000 new IRS agents, & funding for the Green New Deal.
Mikie Sherrill is not a moderate. She has abandoned her constituents! What happened to her pledge on SALT deductions?
https://www.njedreport.com/2022/07/26/murphy-and-njea-promised-taxpayer-relief-from-healthcare-premiums-but-its-going-to-cost-us-instead/?fbclid=IwAR371uRNK8yr3egAfwmitXeW9aJItrNt7jQHYnkeJpHon7h_ob6Wnm4b8iM&fs=e&s=cl
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