Michelle Steel’s New Bill Seeks to Protect Low Income Families and Small Businesses From New IRS Audits

The Family and Small Business Protection Act would defund the hiring of 87,000 new IRS agents.

Rep. Michelle Steel (R-CA) and Rep. Adrian Smith (R-NE), Republican Leader of the Ways and Means Subcommittee on Trade, have introduced the Family and Small Business Protection Act in an effort to “to protect the taxpayers, rein in an unaccountable federal agency, and reverse course from this dangerous path of growing bureaucracy and heavy-handed federal government,” Steel said.

The bill will rescind portions of Section 10301 of the Inflation and Reduction Act of 2022 to prevent the use of any of the $80 billion awarded to the IRS to be used for hiring thousands more agents for new audits of taxpayers.

In an interview with Stuart Varney, Steel explained “Ninety percent of funds raised by new audits come from middle and low income classes, the families. We really have to stop this because I think the IRS should be focused on serving Americans but not targeting Americans. You know the IRS is the largest and most feared agency. Why would we give it more power over citizens? We really have to stop that.”

IRS’s customer service and information technology would not be affected by the legislation which would defund the Biden Administration’s goal of expanding the reach of the IRS with the hiring of 87,000 new agents.

According to Smith, audits target those who could least afford it. 

“The so-called ‘Inflation Reduction Act’ certainly hasn’t reduced inflation, but it has cost taxpayers more than $700 billion and doubled the size of the IRS to target middle- and low-income families and small businesses with a flood of audits and draconian ‘enforcement’ activities,” Steel said.

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