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'Inflation Reduction Act'

Democrats’ Manchin Biden Build Back Better bill means higher taxes, harassing IRS audits on lower- and middle-income earners, and no relief from inflation, all as America battles a recession.

“Democrats promise that no American will “see a penny” of tax hikes. Yet Congress’ own Budget Office debunks that claim, confirming the largest burden of higher taxes will come from middle-class families starting next year.” -Ways and Means Republican Leader Rep. Kevin Brady (R-TX)

Receive $600 on Venmo? Your IRS Forms Are Coming in January

November 28, 2022 — 'Inflation Reduction Act'

If you sold a couch, re-sold tickets at the price you paid, or just did some extra work on the side, you could trigger greater scrutiny from the Internal Revenue Service (IRS). The tax agency will begin sending 1099-K forms to third-party payment ...

A Thanksgiving Dinner Cheatsheet for the Biden Economy

November 23, 2022 — 'Inflation Reduction Act'

Thanksgiving is a time to get together with loved ones and express your gratitude. It may also be the occasion for discussions about the economy at the dinner table–as even the White House has noted. Here are some useful facts to have handy for when someone mentions the Biden Administration’s ...

Brady: Court Decision Opens Dangerous New Political Battleground Where No Citizen Is Safe From Majority Political Party in Congress

November 22, 2022 — 'Inflation Reduction Act'

After the Supreme Court stepped aside to allow Democrats from the House Ways and Means Committee to obtain and make public former President Trump’s private tax returns, Ways and Means Republican Leader Rep. Kevin Brady (R-TX) issued the following statement: “The Supreme Court has no idea what their inaction unleashes. By effectively granting ...

Prices Outpace Wages Under Biden-Flation, Creating Hidden Tax

November 17, 2022 — 'Inflation Reduction Act'

“Inflation is everywhere, and firms on Main Street, where most of us spend our money, are raising prices,” writes William Dunkelberg, Chief Economist for the National Federation of Independent Business in a new article for ...

Brady: Neither White House Nor Congress Should Target Political Enemies Through IRS

November 15, 2022 — 'Inflation Reduction Act'

After the New York Times reported that the IRS was told to target former top FBI officials James B. Comey and Andrew G. McCabe, Ways and Means Republican Leader Rep. Kevin Brady (R-TX) issued the following statement: "Former IRS Commissioner Rettig himself has disputed these claims, noting that he had no communication with President Trump ...

Brady Statement on President Biden’s Intent to Nominate Daniel Werfel to be Commissioner of Internal Revenue Service

November 11, 2022 — 'Inflation Reduction Act'

Upon reports President Biden will nominate Daniel Werfel to serve as the Commissioner of the Internal Revenue Service (IRS), Ways and Means Republican Leader Rep. Kevin Brady (R-TX) issued the following statement: “As with any nominee, it’s important to keep an open mind. However, Daniel Werfel was named Acting IRS Commissioner in 2013 with ...