(Radio Iowa) – Both of Iowa’s Republican senators say they’ll oppose the package of tax changes and spending on climate and energy projects the U.S. Senate will be voting on this weekend. The three Iowa Republicans in the HOUSE are also criticizing the bill. Congresswoman Ashley Hinson, a Republican from Marion, says Democrats should pump the brakes and start over. “This plan would pay for 87,000 new IRS agents to turn around and audit working families and small businesses,” Hinson says.
The I-R-S commissioner says the agency will target tax avoidance by corporations and wealthy Americans, but will not increase audits of returns with income below 400-thousand dollars. The agency also plans to upgrade it “One thing I’ve heard from a lot of constituents in a lot of the work that we specifically do is in making sure that people get their tax returns handled in a (prompt) fashion,” Hinson says. “What we don’t want to see is them specifically targeting.” Hinson says a congressional committee that reviews tax-related legislation has concluded that going after misreported business activities could primarily impact low income Americans. “My constituents could not have been stronger about speaking out against super charging the IRS for the wrong reasons,” Hinson says.
Hinson objects to rules that already went into effect in January that require mobile payment apps like Venmo and PayPal to report business transactions of more than six-hundred-dollars to the I-R-S.