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FOXNEWS Americas Newsroom July 7, 2024

huh? capital t for thing. hundreds of billions for climate change. deficit reduction and tax hikes. it could also turbocharge the i.r.s. more on that in a moment. dana: democrats named it the inflation reduction act. republicans say it s laughable and not even bernie sanders is buying it. i want to take a moment to say a few words about the so-called inflation reduction act that we are debating this evening. i say so-called, by the way, because according to the cbo and other economic organizations that have studied this bill, it will, in fact, have a minimal impact on inflation. dana: team fox coverage. marc thiessen is on deck with analysis. we begin with jacqui heinrich at the white house. democrats certainly think that bringing key priorities on healthcare and climate across the finish line ahead of the mid-terms will turn things around for them. poll after poll has shown that the biggest problem for the president and his party is inflation. and even though t ....

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FOXNEWS The Five July 7, 2024

act will unleash an avalanche of taxpayer money on coalition-list items like climate change. it will also jack up taxes during the recession. republicans say they will pay the price and the midterms. president biden says this is a major win. president biden: expect you to help, i m going to need you to. for example, no state medicare $2,000 to go. that s a big deal. some of us, it won t kick in for a little bit, but it s all good. when you sit down at the end of the month, you will see more bills. if you love getting audited, listen up: democrats will send irs goons for your bank account. after giving them $80 billion to ramp up enforcement, hiring 87,000 new irs agents. get this: the agency will end up with more staffers than the state department, fbi, and border patrol combined. democrats think they are clever by calling it the inflation reduction act, but even senator bernie sanders sees me that charade. i want to say a few words about the so-called infla ....

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FOXNEWS Your World With Neil Cavuto July 7, 2024

democrats are not only paying for this $700 billion tax and spend package by raising taxes, super sizing the irs to bring more muscle on so they can go after taxes. the tax reduction act the senate passed over the weekends gives the irs $80 billion to add agents to their roster spending money to bring in more money. this is six times the current annual budget of the irs. half of the $80 billion goes to inflation efforts, having auditors pour over taxes with a fine tooth comb to make sure they re paying their fair share. we also empowered the irs to go after wealthy tax cheats so that we collect taxes that are already to you and owing from very wealthy people that try to hide their income. not contribute to the country. the white house and the irs commissioner insists that audit rates for anyone making less than $400,000 will not increase. but last year half hoff all irs audits were people making $75,000. republicans say there s no way that the irs can guarantee that ....

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FOXNEWS America Reports July 7, 2024

america reports on this monday afternoon. democrats scoring big wins over the tax and spend bill. will they pay the price as many republicans are suggesting come the midterm elections? hello, and welcome everyone. sandra smith in new york city. bill: hope you had a great weekend. good weekend, too, at home. john roberts has the day off. let s get to it now. months of negotiations, different versions of build back better. democratic senators manchin and sinema get on board with schumer s passage, kind of was a secret to everybody. sandra: and manchin claiming the $740 billion bill would not raise taxes on the middle class, republicans are making the case otherwise. bill: warning that billions in extra spending will come back to haunt democrats election time in november. sandra: and in the middle of all of it, aishah is live on capitol hill, manchin and sinema are dealing with serious fallout from every direction after this passage. hey, sandra, good to see yo ....

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FOXNEWS Special Report With Bret Baier July 7, 2024

just around the corner, republicans and democrats are raising the stakes as senate democrats celebrate the passage of their major spending legislation, republicans also gain an edge of sorts by forcing democrats to vote and show their cards on several key midterm issues. moderates appear to be left with a bad hand. republicans are preparing to up the ante with plans to target moderates in november and beyond in 2024. congressional correspondent asha has any is on capitol hill with our report. good evening, asha. good evening to you, mike. that s right, senators are headed back home for the august recess. handing the baton to the house which is expected to vote on this massive tax and spending plan on friday. republicans in the meantime promising democrats will pay the price in the midterms. [cheers] it was a feat some didn t think was possible. i put in one word persistence. even republican senator josh hawley tweeting tonight i will give the dems this with a 50 ....

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