Cong. Myra Flores Says: Higher Prices & More IRS Audits is Not an 'Inflation Reduction Act'

“This bill is nothing more than a giveaway to liberal donors – at the expense of us, the average American.”

Texas Insider Report: Washington, D.C. – Congresswoman Mayra Flores (TX-34) – after voting ‘No’ on the Senate's so-called "Inflation Reduction Act" – said the bill would worsen inflation, increase IRS audits with the hiring of 87,000 agents, and result in more expensive healthcare for all South Texans.
For reference, the mean household income in TX-34 is $58,810. This means it would take over 12.6+ million years for an average household in our district to pay off this massive legislative bill.

Additional background on the legislation passed by the House:
 

• Going After Families & Small Businesses:
  • Provides the IRS with $80 billion dollar in new funding
    • This is 6 times its current budget
    • $45.6 billion is budgeted for ‘enforcement’, also known as audits
      • Impacting individuals and small businesses directly
    • Allows for the hiring of 87,000 IRS agents
      • This is more than 3x the current amount of CBP officers
      • More employees than the Pentagon currently has
      • Twice the size of the Coast Guard and 5x the size of Space Force
• Tax Increases:
  • Increases taxes by nearly $17 Billion for taxpayers earning less than $200k
  • Raises taxes by nearly $14.1 billion for taxpayers earning between $200-500K
  • Places a $52 billion tax increase on small businesses$1.3 billion to boost the sale of luxury electric vehicles
    $27 billion for a national climate bank
  • Places a $72 billion tax increase on seniors’ retirement and 401(k)s
• New Spending:
  • $400+ Billion for Green New Deal initiatives, for example:
    • $1.3 billion to boost the sale of luxury electric vehicles
    • $27 billion for a national climate bank

For more information, visit Congresswoman Flores's Official House of Representatives Website at Flores.house.gov.