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https://www.ibtimes.com/us-treasury-disputes-finding-that-new-irs-funding-would…

International Business Times

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The International Business Times is an online global business newspaper based in New York City, comprising 10 national editions and seven languages. The publication, sometimes called IBTimes or IBT, offers news, analysis and editorial commentary on business and business-related stories[2] It is ranked by Alexa as the sixth-most visited site among business newspapers.

Launched in 2005, IBTimes was created to provide news services to the international business community. It is a privately held company and still owned by its co-founders Etienne Uzac and Johnathan Davis. Its headquarters are in the former Newsweek offices in the Financial District of New York.

Source: Wikipedia
http://en.wikipedia.org/wiki/International_Business_Times

Type of Content
Approved Story
1
Format
Region
News Item Format
Standard

As a political messaging war rages over $80 billion in new Internal Revenue Service funding, a U.S. Treasury official is pushing back on an informal estimate that the money could cause Americans earning less than $400,000 to pay as much as $20 billion more in taxes over a decade.

Republicans have seized on the Congressional Budget Office (CBO) estimate, claiming Democratic President Joe Biden's recently enacted, sweeping tax, drugs and climate law would break his pledge not to increase taxes on middle-class Americans.

Republicans are also claiming the funding will unleash an 87,000-strong "army" of new IRS agents on American households, despite the Treasury's plans to focus the bulk of IRS hiring on offsetting a wave of retirements and improving customer service and information technology.

When the bill, formally known as the Inflation Reduction Act, was being debated in the Senate, Republican Senator Mike Crapo introduced an amendment to prohibit any use of funds to audit Americans with taxable incomes below $400,000.