Wednesday July 27, 2022 – Immediately upon taking office President Biden promoted the Build Back Better Plan as PRESIDENT BIDEN’S PLAN TO REBUILD THE MIDDLE CLASS.
Since that time, the Build Back Better Plan – with a whooping price tag of $3.5 Trillion (some placed the cost at $5 Trillion) – has been put aside, time and time again. But, it keeps popping up.
Senator Manchin has objected to the price tag and have opposed the bill. The lavish items like – universal Pre-K, First-generation down-payment assistance, Home-efficiency rebates have been removed.
The one item that has endured is the $80 Billion Dollars for the IRS over the next 10 years that would more than double the size of the IRS workforce.
Attorney Steven A. Leahy goes through the IRS segments of the Build Back Better Plan on Today’s Tax Talk.