The Internal Revenue Service is receiving $80 billion from the recently passed Inflation Reduction Act, sparking concerns that the tax collection agency will use the injection of cash to expand audits on Americans making less than $400,000.

The Biden administration vows that will not happen.

And Treasury Department officials insist they have a plan for going after wealthy tax cheats while keeping their promise not to expand the likelihood of auditing folks at lower income levels.

We’ve all heard the news: The most historic investment to fight climate change passed the U.S. House and Senate last week and was quickly signed into law by President Joe Biden. The narratives we’ve heard, however, have been presented in completely different ways.

One group of Americans is saying the Inflation Reduction Act is the best possible solution for the American economy — that it won’t raise taxes or nudge inflation even higher — while claiming its passage will slash American carbon emissions by an additional 10%.

The Democratic National Committee announced the launch of a seven figure ad campaign Friday "touting President Biden" for his recent successful efforts like the Inflation Reduction Act, despite seemingly keeping their distance just a few weeks prior amid his underwater approval rating.

In a press release Friday, the DNC said the new campaign will focus on highlighting President Biden and the Democratic Party's "continued focus and historic work."

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.

The Democratic National Committee announced the launch of a seven figure ad campaign Friday "touting President Biden" for his recent successful efforts like the Inflation Reduction Act, despite seemingly keeping their distance just a few weeks prior amid his underwater approval rating.

In a press release Friday, the DNC said the new campaign will focus on highlighting President Biden and the Democratic Party's "continued focus and historic work."

On Tuesday, President Joe Biden signed the Inflation Reduction Act into law. It is no exaggeration to say that his signature immediately severed the history of climate change in America into two eras. Before the IRA, climate campaigners spent decades trying and failing to get a climate bill through the Senate. After it, the federal government will spend $374 billion on clean energy and climate resilience over the next 10 years.

Democrats passed their landmark legislation in time for the midterms. Now they need to sell it to voters — and the first phase of that effort is taking shape.

The Democrats' so-called Inflation Reduction Act is really a tax-and-spend bill that won't reduce inflation, critics say. And if Democrats insist that the southwest border is "secure," that's a misnomer, too, Rep. Kat Cammack (R-Fla.) told Fox Business on Thursday:

"You know, I think this is the leftist agenda, right. They rename everything. Everything has a new definition -- we're not in a recession, you know, you're not a woman, everything is a different thing.

President Joe Biden signed the Inflation Reduction Act into law today, making it official that the US will spend a historic $370 billion to tackle climate change over the next decade. The extra cash for clean energy, electric vehicles, efficient manufacturing, and pollution cleanup will go a long way to nudging the US closer to sustainable climate targets.

President Joe Biden on Tuesday signed into law a $430 billion bill that is seen as the biggest climate package in U.S. history, designed to cut domestic greenhouse gas emissions as well as lower prescription drug prices.

At a White House event, Biden was joined by Democratic leaders including Senator Joe Manchin of West Virginia, whose support was crucial to passage of the Inflation Reduction Act along party lines after he had initially opposed a similar measure.

“Joe, we never had a doubt,” Biden said of Manchin.