U.S. Sens. Marsha Blackburn (R-TN) and Mike Braun (R-IN) are espousing the benefits of the recently introduced IRS User Fee Reduction Act, which would require the IRS to reduce user fees by 95 percent for businesses earning less than $2.5 million in gross income.
“Democrats want to weaponize the IRS by giving them billions of dollars, authorizing thousands of new agents, and allowing them to raise user fees for small businesses,” Blackburn, a member of the Senate Finance Committee, said. “I often hear from business owners across Tennessee fed up with exorbitant fees that leave them at risk of non-compliance. The IRS User Fee Reduction Act takes an important step toward making IRS services more accessible to everyday businesses, preventing massive government overreach, and providing much-needed relief in Joe Biden’s economy.”
According to the lawmakers, over the last 10 years, user fees have increased, making a basic IRS service inaccessible to some small and mid-sized businesses.
“The IRS claims to go after the wealthy but has continued to target small businesses and lower- and middle-income earners,” Braun said. “As a lifelong Main Street businessman, I know that the last thing America’s small business owners need right now is for the IRS to hike user fees.”
David Kelley, owner of Somerville, Tennessee-based David Kelley Jewelers, said he is appreciative of Blackburn’s work on behalf of the state.
“Reducing IRS user fees will go a long way in providing necessary support and relief to small business owners like myself,” Kelley said.