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Transcripts For FOXNEWS The Story With Martha MacCallum 20240707

on a total of more than $3 trillion in spending to get the economy going, including lots of new taxes that are being levied out there if this bill goes through saying that it s a huge record of accomplishments now. we ll talk about the evolving narrative out of the white house and whether or not it s true. the bill is called the inflation reduction act. it s packed with green energy handouts as part of the push to transition. you ve heard a lot about that. look at all of those on the list where this money is going, transitioning where you get your energy, green energy. it s a big part of what is in this bill. so this afternoon, we ll peel away the layers, show you what is actually in this bill and whether or not you can assess whether it was make life easier or better for you. lauren simonetti is here and joe concha. first to aishah hasnie with the very latest that just developed this afternoon on the potential passive of this bill. senate democrats have hit the road. they

Transcripts For FOXNEWS Your World With Neil Cavuto 20240707

democrats are not only paying for this $700 billion tax and spend package by raising taxes, super sizing the irs to bring more muscle on so they can go after taxes. the tax reduction act the senate passed over the weekends gives the irs $80 billion to add agents to their roster spending money to bring in more money. this is six times the current annual budget of the irs. half of the $80 billion goes to inflation efforts, having auditors pour over taxes with a fine tooth comb to make sure they re paying their fair share. we also empowered the irs to go after wealthy tax cheats so that we collect taxes that are already to you and owing from very wealthy people that try to hide their income. not contribute to the country. the white house and the irs commissioner insists that audit rates for anyone making less than $400,000 will not increase. but last year half hoff all irs audits were people making $75,000. republicans say there s no way that the irs can guarantee that a bee

Detailed text transcripts for TV channel - FOXNEWS - 20110808:12:00:15