Family and Small Business Taxpayer Protection Act
Great Seal of the United States
Long titleTo rescind certain balances made available to the Internal Revenue Service.
Announced inthe 118th United States Congress
Number of co-sponsors82
Codification
Acts affectedInflation Reduction Act of 2022
Legislative history

The Family and Small Business Taxpayer Protection Act is a proposed United States law that would rescind the expansion of the Internal Revenue Service included in the Inflation Reduction Act of 2022.[1] It was the first bill to be introduced in the 118th Congress.

Proponents of the bill, Congressional Republicans, claim that the bill is necessary to protect middle-class Americans from increased audits and scrutiny from the IRS and hold the institution accountable.[1] Opponents of the bill, Congressional Democrats and President Joe Biden, claim that the bill would allow higher-income Americans to avoid paying taxes and would increase the national debt.[2]

The Fiscal Responsibility Act of 2023 includes a provision that is based on this proposed act, rescinding $1.4 billion of the IRS expansion introduced by the Inflation Reduction Act.

References

  1. 1 2 "The Family and Small Business Taxpayer Protection Act". House Ways and Means. 9 January 2023. Retrieved 11 January 2023.
  2. ↑ Samuels, Brett (9 January 2023). "White House opposes 'reckless' GOP bill to rescind IRS funding". The Hill. Retrieved 11 January 2023.
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