The poorest Americans will pay more in taxes as a result of Democrats' inflation bill, a nonpartisan analysis concluded, despite President Biden's past pledges.
Senate Democrats pushed back Monday against claims from Republicans that the Inflation Reduction Act would raise taxes on most Americans, saying the bill only impacted corporations.
The top Republican on the Senate Finance Committee is warning that millions of Americans making less than $400,000 annually would see tax hikes if Sen. Joe Manchin (WV) and Senate Majority Leader Chuck Schumer s (D-NY) energy and healthcare spending deal is passed.
The Internal Revenue Service (IRS) and the Treasury Department have not offered answers as to how Americans' private tax documents were leaked in 2021.
The request of the watchdog agency followed the release of confidential information leading to a detailed news report of how the mega rich avoid paying .