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The Fox News Rundown

IRS Expansion Widens Divide Over Democrats' Big Spending Bill

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.41.7K Ratings

🗓️ 12 August 2022

⏱️ 31 minutes

🧾️ Download transcript

Summary

The Democrats' Inflation Reduction Act has passed the Senate and is expected to pass the House on Friday. While this package will tackle issues surrounding climate and health care, it is also set to allocate 80 billion dollars to the IRS, which would allow the agency to add an additional 87,000 employees. With the Internal Revenue Service set to expand, many are questioning what that would mean for Americans and the frequency of audits. Senior Political Correspondent at Axios Josh Kraushaar joins the podcast to break down voter anxiety toward the IRS and this bill's potential impact on the midterms. Later, CEO and President of Levy & Associates Tax Consultants Lawrence Levy joins to explain the current issues with the IRS and why he is skeptical additional funding could shift their behavior. A virus that was believed to be eradicated has resurfaced within the United States. For the first time in nine years, polio was detected in an unvaccinated man who suffered from paralysis in Rockland County, NY. While most Americans are vaccinated against polio, the coronavirus pandemic has caused a surge in vaccine hesitancy, and many are concerned that is leading to fewer children getting immunized. Dr. Walter Orenstein is the Director of Vaccine Policy and Development at Emory University and the former Director of the US Immunization Program at the CDC and he joins the Rundown to discuss the nature of the polio virus, the importance of increasing immunization levels, and how to combat vaccine hesitancy within the country. Don't miss the good news with Tonya J. Powers. Plus, commentary by Jimmy Failla, host of "Fox Across America with Jimmy Failla." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:01.7

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0:04.3

Take the quiz every weekday at the Quiz dot Fox

0:07.3

and then listen to the Quiz podcast to find out how you did.

0:10.2

Clay, share, and of course listen listen to the quiz at the quiz.

0:13.7

I'm Charles Payne.

0:15.5

I'm Kat Timf.

0:16.4

I'm Stuart Varney and this is the Fox News rundown.

0:19.2

Friday, Augustth, 2022. I'm Jessica Rosenthal. The House is scheduled to vote today on

0:28.8

what Senate Democrats call the Inflation Reduction Act, and while part of this new bill gives billions of dollars to the IRS the to follow the rules. And that's where there can be a problem because I think you're

0:43.7

going to have some inexperienced people that are working files and the inexperienced is

0:49.8

going to, in my opinion, cause a potential problem. I'm Dave Anthony. An old virus has resurfaced

0:56.3

in the US for the first time in nine years. Polio, one of several that had been

1:00.9

eradicated. I'm fearful, yes. We've got to try and get the message across

1:09.1

that if we stop vaccinating, they will return big time. And I'm Jimmy Phela. I've got the final word on the Fox News

1:18.3

rundown.

1:22.3

Today the House is expected to pass what Senate Democrats call the

1:27.4

inflation reduction act. The bill includes billions in tax credits to

1:31.0

incentivize people to buy electric cars and to incentivize utility companies to go with

1:34.9

renewable sources.

1:36.3

There are tax credits for those who produce solar panels and wind turbines, but also those

1:40.0

involved in the processing of critical minerals. It allows Medicare to negotiate

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