It sounded like an ironclad promise when Jared Bernstein of President Biden’s Council of Economic Advisers told Fox News’s Neil Cavuto on Aug. 16 that the $45.6 billion in the Inflation Reduction Act to expand Internal Revenue Service compliance efforts “will not be spent on increasing audits of anybody” making less than $400,000 a year.
“IRS enforcement is going to target those well above $400,000,” Mr. Bernstein pledged. “There’s no targeting of the middle class!”
