Build Back Better-Funded IRS Would Be ‘Nightmare’ for American Families: GOP Memo

House Minority Leader Kevin McCarthy (R-Cali.) distributed a memo (pdf) to GOP lawmakers Thursday claiming that the expanded provisions in President Biden’s social spending bill will result in an additional 1.2 million IRS audits each year. Nearly 50 percent of the audits—over 583,000—would be targeted at families earning less than $75,000, and 25 percent—over 313,000—at those earning up to $25,000 per year.

According to the memo penned by Republican members of the tax-writing House Ways and Means Committee, $80 billion is allotted in mandatory funding towards the IRS, which will help in recruiting 87,000 new agents who will target Americans at every income level. “President Biden wants to double Americans’ chances of getting audited in order to squeeze every single dollar they can from American families and small businesses to fund the most expensive piece of legislation in history,” McCarthy said in a statement, Fox Business reported. “This would be …