Skip to Content
Home » news » Press Releases

Press Releases

Waltz Statement on the Democrats’ IRS Expansion, Spending, and Tax Bill

WASHINGTON, D.C. – On Friday, U.S. Congressman Mike Waltz (FL-6) released the following statement:

“Democrats have yet again failed the American people by unleashing new tax and spend legislation that will ultimately target middle class Americans and small businesses with tax hikes during a recession and record inflation, hundreds of thousands of new IRS audits, and subsidies for favored energy interests. The laundry list of horrible measures includes spending $80 billion to allow the IRS to hire 87,000 new agents resulting in about 710,000 audits on Americans making less than $75,000, raises $700 billion in new taxes including tax increases on millions of families and Main Street businesses, subsidizing $350 million in ‘Green New Deal’ initiatives, increasing an excise tax on crude oil and imported petroleum products while Americans continue to struggle at the gas pump, and expanding Obamacare subsidies by $64 billion.

“To make matters worse, the Congressional Budget Office projects this so-called ‘Inflation Reduction Act’ will not reduce the current inflation crisis and record high prices as Democrats are purporting. Any deficit reductions seen by this bill, which are unlikely, would be realized years down the line. Under President Biden and Democratic leadership, the federal government is on pace to spend nearly $4 trillion in just two years. Americans deserve better leadership from our elected officials, and I will continue to pursue policies with my Republican colleagues that will ease the burden on Americans by reducing spending and lowering taxes— not raising taxes on Americans during a recession.”