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>> reaction from congressman ken buck in a moment, but first a look at another claim the new beefed-up irs will not come after the little guy. what's the cbo saying who the irs could be targeting? >> it could be that little guy you've been talking about, bill. congressional budget office confirms at least 20 of the 124 billion raised by the inflation reduction act will come from low and middle income americans, people making less than 400,000. the analysis is the second to contradict claims by the white house and treasury who insist that audits will not affect those making less than 400,000. a...

Have. americans for tax reform reports there is a $124 billion tax on stock buybacks in the bill which will hurt americans in retirement accounts. according to congresses joint committee on taxation, there is also a $12 billion tax on crude oil along with a $1.2 billion tax on coal. that means more expensive energy for individuals and small businesses. remember joe biden denying this would ever happen. >> will taxes on their small businesses go up under your administration? >> no. >> brian: whatever he meant, that was also untrue. including the bill is $50 billion pass-through businesses, smal...

Has seen in decades, for families struggling to pay the bills, for seniors struggling to pay for medication, for kids struggling with asthma. this bill is for them. >> reporter: now, increased irs enforcement would pay for it in some way by adding $124 billion back to the treasury. they'll raise the corporate minimum tax to 15%. they'll also add a 1% excise tax on stock buybacks. all this to pay for the plans, extend health care subsidies for three years, to pay for hundreds of billions in new climate change and energy programs. for the first time, medicare will have the power to negotiate dru...

From your vantage point, what does this deal say about what democrats can achieve? >> well, i think this is a big message to america that democrats get things done. this is massively important for the average american. it will put money back into consumers' pockets, offsetting the impact of an inflation pressure and it will incentivize more competition in the energy markets by giving tax credits for clean energy and making it more affordable and it reduces the deficit by 300 billion and in addition to everything else you said $124 billion for irs enforcement and it would not increase any taxes...

Energy security and climate change solutions. they will offer a offer subsidies to buy electric cars or convert to green energy. >> ainsley: how do you feel about this because you've been a champion? we when i could not be more disappointed. they have 15% corporate minimum tax which they say would bring $313 billion. keep your eye on this, they will ask the irs to start going after people again with tax enforcement. they expect $124 billion. the last thing you want to do in this scenario, i thought, weaponize the irs again after we watched louis lerner and irs to target people that didn't poli...