“Democrats’ new army of 87,000 IRS agents will be coming for you — with 710,000 new audits for Americans who earn less than $75k,' U.S. Rep. Kevin McCarthy claims. Here are the facts.
, the CBO said that $80 billion more for the IRS would “return audit rates to the levels of about 10 years ago.”
But the approach ignores several key details about what the CBO report says in full and what the bill — and the Treasury — have made clear: This effort is intended to increase audits of corporations and high net-worth individuals. Brady also failed to note a key difference between the CBO assessment from a year ago and the bill under consideration today.
Sarin also noted that some of the people who report little or no income are high-income earners who have gamed the system to drive their tax bill as close to zero as possible.
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