White House economic adviser Jared Bernstein was interviewed about whether the Inflation Reduction Act would increase audits on middle class and low income Americans.
Senate minority whip John Thune shares his key takeaway from the passage of the Democrats' major spending bill on 'Special Report.'White House economic adviser Jared Bernstein appeared on CNBC's Squawk Box Monday and was interviewed by host Brian Sullivan, who questioned him about the impact the Inflation Reduction Act will have on taxpayers.
"I want to be clear, is the president guaranteeing nobody making under $400,000 will be audited [by the new agents]?" asked Sullivan. This photo taken April 13, 2014 shows the headquarters of the Internal Revenue Service in Washington. Bernstein did not answer the question regarding who the extra IRS agents would audit, and instead restated his pledge that people making under $400,000 per year will not pay more in taxes. that according to the nonpartisan Joint Committee on Taxation , Bernstein's pledge is not true. According to the JCT, Americans making less than $10,000 per year would see a 0.3% tax hike starting in 2023. Overall, starting in 2023, taxes would increase by $16.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Are zebras white with black stripes or black with white stripes?Zebra stripes are unique to each individual. 🦓
Read more »
3rd victim identified after lightning strike near White HouseTwo people have died and two others remain injured.
Read more »
White House: Jobs report shows 'we are not in a recession'White House press secretary Karine Jean-Pierre pointed to Friday's July jobs report as evidence that the United States is experiencing an economic 'transition' and is not headed for a recession.
Read more »
White House condemns Indiana abortion banThe administration of President Joe Biden condemns Indiana's new ban on abortions, calling it another extreme attempt by Republicans to trample women's rights.
Read more »
Biden leaves White House for 1st time since getting COVID-19The president tested negative Saturday and Sunday, according to his doctor, clearing the way for him to emerge from an isolation that lasted longer than expected because of a rebound case of the virus.
Read more »
Biden leaves White House for 1st time since getting COVID-19The president tested negative Saturday and Sunday, according to his doctor, clearing the way for him to emerge from an isolation that lasted longer than expected.
Read more »