Florida Small Businesses Fear Targeting by an Expanded IRS

State CFO proposes 4-pillar protection plan to fight back

President Joe Biden signs the Inflation Reduction Act as Democrat lawmakers look on at the White House in Washington on Aug. 16, 2022. Drew Angerer/Getty Images

PUNTA GORDA, Fla.–On Aug. 16, small business owners and independent contractors across Florida became fearful of their futures as Gov. Ron DeSantis questioned the sanity of Washington.

On that day, President Joe Biden signed into law the “Inflation Reduction Act,” giving the IRS nearly $80 billion, with $45.6 billion going towards “enforcement,” which requires hiring more agents.