It seemed like an ironclad promise when Jared Bernstein of President Biden’s Council of Financial Advisers instructed Fox Information’s Neil Cavuto on Aug. 16 that the $45.6 billion within the Inflation Discount Act to broaden Inside Income Service compliance efforts “is not going to be spent on growing audits of anyone” making lower than $400,000 a 12 months.
“IRS enforcement goes to focus on these effectively above $400,000,” Mr. Bernstein pledged. “There’s no concentrating on of the center class!”
