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White House economic adviser Jared Bernstein said Tuesday that the $739 billion Inflation Relief Act “more than pays for itself” on “Your World.”
BIDEN RETURNS TO WHITE HOUSE TO SIGN INFLATION REDUCTION ACT FOR MULTI-STATE VISIT
JARED BERNSTEIN: There is no goal the middle class. The IRS commissioner said audits are on the rise[ing] – are those above $400,000, and well above $400,000 in fact, because that’s where most of the tax evasion happens when it comes to actual dollar amounts. So we increase that income. And by the way, there is one other thing I want to correct. You seem to be implying that the only thing generating revenue on the bill is that, and it isn’t. There is also a minimum corporate tax, and there is a tax on repurchases, neither of which affect anyone under $400,000. But that bill pays for itself. It pays for itself.
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