Biden’s Dream of an IRS Strike Team

When President Biden talks about increasing the Internal Revenue Service, he has to envision some sort of SEAL team 6 for audits. His plan is to invest an additional $ 80 billion in IRS tax enforcement over a 10-year period, which, according to the White House, will bring $ 700 billion in revenue that will remain on the table.

Not even close, loud a Thursday report by the budget office of the Congress. The additional IRS funding would likely only produce $ 200 billion, according to the CBO. A classic economic offender is to blame for this, falling returns. Last year the IRS spent $ 12.3 billion as well employs 75,773 Full-time equivalents.

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