WASHINGTON, D.C. – Prior to President Biden’s visit to Congress as Democrats wrangle lawmakers on the details of the $3.5 trillion tax and spend plan, top Republican on the Ways and Means Committee Rep. Kevin Brady (R-TX) appeared on Fox News’s “The Story with Martha MacCallum,” where he said:

“If I were one of the few moderate Democrats in the House, I’d be asking the President three things. 

“One, if we’re supposed to be taxing the wealthy and big corporations, why are we giving them so many tax breaks and hand-outs in this bill?

“Secondly, why are we crippling small businesses with about five different tax hikes?

“And thirdly, with inflation on track to be the highest in four decades – 40 years – won’t all this government spending make it worse for families? Unfortunately, the President just can’t answer any of those.”

 

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CLICK HERE to watch the full interview.

On Thursday, Rep. Brady warned against Democrats’ plan to expand the authority of the IRS on “Your World with Neil Cavuto,” saying:

“They are not going after the wealthy and the big corporations, they’re going after families, farmers, and small businesses. It’s an intrusion into people’s lives that, frankly, isn’t deserved.”

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CLICK HERE to watch the full interview.

KEY TAKEAWAYS: 

Democrats’ Supercharged IRS Expansion and Tax Gap Plan Doesn’t Add Up

• Under the guise of going after the ‘tax gap,’ President Biden has a proposal to spend $80 billion on an army of auditors and to turn local banks into chapters of the IRS to report on the gross transactions of your personal and business bank account is unacceptable to the American people.
• Every American must pay their taxes, but there’s very little evidence suggesting the IRS estimate on unpaid taxes (dubbed the “tax gap”) is accurate, given that it may be based on data from seven years ago or wild guesses on foreign transactions, cryptocurrency, concealed income, and other sectors.

READ: Fact Check: Biden’s Supercharged IRS Includes Bank Reporting, Hardships for Taxpayers

The burden of Democrats’ spending and tax hikes falls on American families and small businesses.

• The non-partisan Joint Committee on Taxation (JCT) found that workers will shoulder the burden of Democrats’ tax hikes. Within 10 years of a corporate tax increase, 66.3 percent of the corporate tax burden would be borne by lower- and middle-income taxpayers.
• It’s not just the JCT – analysis from the Left-leaning Tax Policy Center finds that President Biden’s overall tax plan will raise taxes on 75 percent of middle-class families next year, rising to 95 percent of middle-class families over the long term.

READ: Congressional Scorekeeper: Dem Tax Hikes Hit Middle-Class Earners Between $40K and $400K

READ: REPORT: Biden’s Tax Plan Turns IRS Into Spying Regime

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