Senator Schmitt Statement on Tax Day

WASHINGTON – Today, Senator Schmitt release the following statement on Tax Day as Missouri families face higher taxes, higher inflation, and lower wages: 

“As Missourians face another month of inflation and falling wages, Biden persists on spending more money we don’t have. Instead of providing serious solutions to curbing inflation and reining in out-of-control spending, Joe Biden has doubled the size of the IRS, which is targeting hardworking Missouri families. I will continue to stand against business as usual in Washington, which has made life harder for Missourians,” said Senator Eric Schmitt.

Background 

• Joe Biden’s promised to “raise some taxes” while ignoring two years of runaway government spending.
• Tuesday marks the first Tax Day for Biden’s supersized IRS.
  • Democrats’ reckless tax and spending spree spent $80 billion to double the size of the IRS.
  • Despite promising to improve taxpayer services, the IRS will target middle-class Americans.
    • Only 9% of the funding will go towards improving taxpayer services. 
    • Roughly 60% of the new funds ($47.4 billion) will go towards auditing middle-class taxpayers.
  • Democrats raised taxes on nearly every single American in their 2022 reckless tax and spending spree.
• America does not have a revenue problem. Joe Biden has a spending problem.
  • In 2022, the government collected $4.9 trillion in taxes – a 21% increase from 2021.
  • That was the largest revenue increase in the last 50 years.
• Missourians don’t want higher taxes, they want to rein-in runaway government spending.

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