Republican lawmakers blasted the Biden administration Wednesday after the Internal Revenue Service released a plan to crack down on service industry workers' tips.
a revenue procedure to"improve tip reporting compliance," reduce administrative burdens and provide more transparency and certainty to taxpayers. As part of the program, which wouldn't go into effect until after a multi-month public comment period, the IRS could withdraw liability protection related to"rules that define tips as part of an employee's pay" from employers that don't cooperate.
"My colleagues and I have warned for months that the IRS would start targeting hardworking Americans in the Biden administration’s quest for more taxpayer dollars. Now, we’re starting to see some of these concerns come to fruition," he added. "Bank surveillance efforts, 1099-Ks, 87,000 new IRS agents to target taxpayers, and now a new program to go after service industry workers’ tips are all a direct result of the Biden administration’s desire to tax working families and small businesses as much as possible," Smith told Fox News Digital.
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