After the Congressional Budget Office reported that 78 to 90% of revenue from new audits under the Inflation Reduction Act will come from families making less than $200,000 per year, freelancers and small business advocates are voicing concerns they’ll be the IRS’ main target.
“I think this is the easiest way for the Biden administration to penalize those who work independently because they’ve tried and exhausted congressional means,” freelancer and Independent Women’s Forum Senior Fellow Gabriella Hoffman told Fox News Digital.
“It’s going to hurt the smallest among us,” she continued, “those who just want to get by economically or maybe are trying to find alternatives with COVID, with the Great Recession and what is now called the ‘Great Reshuffling.’”
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