Family and Small Business Taxpayer Protection Act | |
Fullname: | To rescind certain balances made available to the Internal Revenue Service. |
Introduced In The: | 118th |
Number Of Co-Sponsors: | 82 |
Acts Affected: | Inflation Reduction Act of 2022 |
Introducedin: | House of Representatives |
Leghisturl: | https://www.congress.gov/bill/118th-congress/house-bill/23 |
Introducedbill: | H.R. 23 |
Introduceddate: | January 9, 2023 |
Introducedby: | Adrian Smith (R–NE) |
Committees: | House Ways and Means |
Passedbody1: | House |
Passeddate1: | January 9, 2023 |
Passedvote1: | 221–210 |
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, the 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.
It was previously introduced in the 117th Congress.[3]