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Saturday, July 19, 2025

Illinois U.S. Rep Mike Quigley: "The #InflationReductionAct invests $80 billion in the IRS, the vast majority of which will go towards..."

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Mike Quigley tweeted the following:

"The #InflationReductionAct invests $80 billion in the IRS, the vast majority of which will go towards increased tax enforcement on the wealthiest tax evaders.
This investment in tax enforcement is expected to bring in $124 billion in revenue."
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Here are other recent tweets from Mike Quigley:

"So, how are we paying for this?
For years, as the highest-ranked Democrat on the Financial Services and General Government Appropriations Subcommittee, I saw Republicans strip away IRS funding, making it harder for the IRS to ensure corporations and the 1% pay their fair share."
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"These are transformational, once-in-a-lifetime reforms that Americans have eagerly been waiting for.
Today, we delivered. #InflationReductionAct"
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"Seniors will, at last, be protected from excessive out-of-pocket costs in Medicare Part D, with annual costs limited to $2,000. Plus, seniors out-of-pocket costs for insulin a common, unaffordable, and life-saving drug will be capped at $35 per month. #InflationReductionAct"
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