Thanks to Inflation Reduction Act, IRS Collected $1 Billion In Back Taxes from Wealthy Tax Cheats

Schweikert & Ciscomani Voted to Strip IRS of Resources to Go After Rich Tax Cheats

TUCSON — Thanks to the Inflation Reduction Act, the IRS announced today that it has collected $1 billion in back taxes from millionaire tax cheats who refused to pay what they owed.

Prior to the Inflation Reduction Act, the IRS didn’t have the resources to go after wealthy tax cheats who often used complicated filings to obscure how much they owed. Congressmen Schweikert and Ciscomani have both voted to strip the IRS of this funding even though it has proven effective and could even recoup $12 for every $1 in investment.

According to the Associated Press:

“Republicans have meanwhile threatened a series of cuts to the IRS, sometimes successfully.

“House Republicans’ fiscal year 2025 proposal out of the Financial Services and General Government Subcommittee in June proposes further cuts to the IRS in 2025, and would cut funding to the Direct File program that is being expanded to allow Americans to file their taxes directly with the IRS.”

Congressman Schweikert voted against the Inflation Reduction Act and in one of Congressman Ciscomani’s first votes in Congress, he joined Schweikert and House Republicans in voting to strip the IRS of its funding to go after tax cheats, including corporations and the wealthy who have used complicated tax filings to shield themselves from having to pay their fair share. Ciscomani has since voted to protect wealthy tax cheats seven more times, including a recent vote in the powerful House Appropriations Committee.

“More wealthy tax cheats are finally paying their fair share in back taxes thanks to the Inflation Reduction Act, despite Congressmen Schweikert and Ciscomani’s long record of voting to protect tax cheats over working Arizonans,” said Andrea Moreno, Executive Director of Honest Arizona. “Congressmen Schweikert and Ciscomani need to make sure that the wealthy, especially tax cheats, pay their fair share so we can work to bring down costs for working Arizonans.”