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huh? capital t for thing. hundreds of billions for climate change. deficit reduction and tax hikes. it could also turbocharge the i.r.s. more on that in a moment. dana: democrats named it the inflation reduction act. republicans say it s laughable and not even bernie sanders is buying it. i want to take a moment to say a few words about the so-called inflation reduction act that we are debating this evening. i say so-called, by the way, because according to the cbo and other economic organizations that have studied this bill, it will, in fact, have a minimal impact on inflation. dana: team fox coverage. marc thiessen is on deck with analysis. we begin with jacqui heinrich at the white house. democrats certainly think that bringing key priorities on healthcare and climate across the finish line ahead of the mid-terms will turn things around for them. poll after poll has shown that the biggest problem for the president and his party is inflation. and even though t ....
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 ....
america reports on this monday afternoon. democrats scoring big wins over the tax and spend bill. will they pay the price as many republicans are suggesting come the midterm elections? hello, and welcome everyone. sandra smith in new york city. bill: hope you had a great weekend. good weekend, too, at home. john roberts has the day off. let s get to it now. months of negotiations, different versions of build back better. democratic senators manchin and sinema get on board with schumer s passage, kind of was a secret to everybody. sandra: and manchin claiming the $740 billion bill would not raise taxes on the middle class, republicans are making the case otherwise. bill: warning that billions in extra spending will come back to haunt democrats election time in november. sandra: and in the middle of all of it, aishah is live on capitol hill, manchin and sinema are dealing with serious fallout from every direction after this passage. hey, sandra, good to see yo ....
into those numbers. remember stephen colbert had someone arrested for trespassing on capitol hill last month? we got all the details in just minutes. press, police are labeling a 22-year-old man a hero because he used his legally own a gun to take out a mass tutor and in india and nepal. some of the left is a pressing him will not save lives. gun control bill. we ll debate that with our law enforcement panel. we begin with president biden back in washington tonight, facing tough economic realities and sinking poll numbers along with criticism of his trip to the middle east. white house correspondent. good evening. good evening, good to be with you is always. a return trip to washington, d.c., with not much in the way of deliverables. critics of the president s recent trip to the middle east even worse, when they return home, he did so to a steady drumbeat of negative news. will inflation go down from here, mr. president? hoping inflation will go down. not exactly ....
about this bill it will not lower inflation. we re now one step closer to enacting this historic legislation into law. indiana becoming the first state post-roe to pass a law banning nearly all abortions. people are demanding that their voices be heard by this legislature, to demand equal rights under the law. me and my sisters we are not murderers. we just took control of our own bodies. if your pro-life you can t be happy. if you re pro-choice you can t be happy. all i know is people need to go out and vote in november. reporter: the fallout from u.s. house speaker nancy pelosi s visit to taiwan continues with china ramping up its military and diplomatic backlash. there is no justification for this extreme, disproportionate and escalatory military response. some sort of military escalation and the possibility of open conflict, a higher probability than it was just a few days ago. i m pamela brown in washington. you are live in the cnn newsroom. and ....