(C) Common Dreams
This story was originally published by Common Dreams and is unaltered.
. . . . . . . . . .
The IRS Is Getting $80 Billion. For What? : 1A [1]
[]
Date: 2022-09-07
The IRS Is Getting $80 Billion. For What?
Enlarge this image toggle caption Zach Gibson/Getty Images Zach Gibson/Getty Images
When President Joe Biden signed the Inflation Reduction Act into law, he allocated $80 billion for the Internal Revenue Service.
The IRS says the money will help close the yearly deficit of $600 billion between the taxes the IRS collects and the taxes owed.
The agency plans to spend the money on hiring new enforcement agents, modernizing technology, auditing the wealthiest Americans, and improving the taxpayer experience. But the plan has attracted partisan pushback.
What obstacles has the IRS historically faced? And how far will the new money go to help the beleaguered agency?
Former Internal Revenue Service Commissioner John Koskinen, Center for Taxpayer Rights Executive Director Nina Olson, the Wall Street Journal's Richard Rubin, and the U.S. Treasury's Natasha Sarin join us for the conversation.
Like what you hear? Find more of our programs online.
[END]
---
[1] Url:
https://www.npr.org/2022/09/07/1121644091/the-irs-is-getting-80-billion-for-what
Published and (C) by Common Dreams
Content appears here under this condition or license: Creative Commons CC BY-NC-ND 3.0..
via Magical.Fish Gopher News Feeds:
gopher://magical.fish/1/feeds/news/commondreams/
