evidence: According to the nonpartisan Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT), the law will raise $738 billion from tax reform and prescription drug reform to lower prices, as well as authorize $891 billion in total spending – including $783 billion on energy and climate change, and three years of Affordable Care Act subsidies.[1][7] It represents the largest investment towards addressing climate change in United States history.[8] It also includes a large expansion of the Internal Revenue Service (IRS), including the hiring of up to 87,000 new employees, with a reported increased number of audits expected as a result.[9][10][a] According to several independent analyses, the law is projected to reduce 2030 U.S. greenhouse gas emissions to 40% below 2005 levels.[11][12] The Act is not generally believed to have reduced inflation in 2022 and 2023,[13][14] though some economists predict it will bring down inflation in the medium-to-long term.[15][16] [...] - Increased funding for the IRS for modernization and increased tax enforcement, including the hiring of up to 87,000 new IRS employees – $80 billion[43][45] [...] - ^ a b CFP®, Kate Dore (August 9, 2022). "With 87,000 new agents, here's who the IRS may target for audits". CNBC. Retrieved August 10, 2022.