After a Republican outcry over a bill providing more funding to the Internal Revenue Service (IRS), Treasury Secretary Janet Yellen has directed the United States tax agency’s chief against using the new resources to increase audits for households making below $400,000 annually.The Senate-approved Inflation Reduction Act (IRA) would provide nearly $80bn in additional funding to the IRS over 10 years, including about $45bn for enforcement. And so, Republican legislators have been warning that Democrats are looking to hire tens of thousands of IRS agents who would audit average Americans over small transactions and minor financial activities.But on Wednesday, Yellen ordered IRS Commissioner Charles Rettig against using new hires to target low- and middle-income taxpayers.
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