Listen To The Full Interview Below:
Larry Kudlow, host of Fox Business Network’s “Kudlow” joined the Guy Benson Show to give his take on the proposed Manchin-Schumer spending deal that is reported to raise taxes on most Americans making under $400,000 a year and spend billions on climate change provisions.
Kudlow slammed the increased funding for the IRS in the democrat proposed legislation saying,
“But the other one is the D.C. swamp beast called the IRS. Okay, this is very bad. They’re going to pour in $80 billion and they’re going to hire 87,000 agents and they’re going to all go after small businesses. That’s all. They’re going after individuals.”
“The IRS is like the Twitter of tax policy. I mean, they think they can decide what’s right and wrong, what’s good and bad. And I think that’s nonsense, utter nonsense. And it’s going to be one of the most damning if it goes through. I mean, it can’t be what they’re saying. It’s going to raise 200, $220 billion. The reconciliation rules will prevent that from going in there. But the point is, this is going to be very, very harmful to small businesses and conservative groups.”