JustRedPillMe

The Inflation Reduction Act was passed on August 7, 2022, with a 51-50 vote in the senate. Kamala Harris as Vice President, cast the tie-breaking vote in favor of passing the act.

The Inflation Reduction Act included funding to the IRS in the amount of ~$80 Billion.

The $80 Billion allocated to the IRS was intended for:

• Hiring additional staff, including agents for enforcement.
• Upgrading technology to better track income, including tips, which are often under reported.
• Enhancing compliance efforts, particularly targeting high-income individuals and corporations.

Following the funding, the IRS introduced programs like SITCA (Service Industry Tip Compliance Agreement). This program is a voluntary reporting program but essentially aims at ensuring that tips are reported accurately by using point-of-sale systems data to monitor tip revenue.

The amounts of funding allocated to the IRS in this act are as follows:

• 3.1B (page 32)
• 45.6B (page 33)
• 25.3B (page 34)
• 4.7B (page 34)

For a total of ~78.7 Billion dollars.