Krishnamoorthi also voted in favor of a tax hike on every family making less than $400,000, including $16.7 billion in 2023 for individuals making less than $200,000. If that wasn’t enough, the vote also established an army of 87,000 IRS agents to enforce these new tax hikes. The Inflation Creation Act will have little to no impact on inflation, its purported purpose, instead increasing spending at a time when families are worried about the impact rising costs will have on their budgets.
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