A newly empowered IRS is one of the keys to the sweeping climate, health care and tax bill Senate Democrats hope to pass this week — with billions of dollars in new funds for the agency so it can collect money by going after higher-income tax cheats.
A newly empowered Internal Revenue Service is one of the keys to the sweeping climate, health care and tax bill Senate Democrats hope to pass this week — with billions of dollars in new funds for the agency so it can collect money for the federal government by going after higher-income tax cheats.
Congress and the White House, when led by Republicans, have starved the IRS of resources for so long, experts say, that even with an influx of $80 billion in new funding, the agency’s ability to transform itself is far from assured. “Part of this is not expecting miraculous rates of return. It’s about stopping the decline,” said Douglas Holtz-Eakin, president of the conservative think tank American Action Forum and a former director of the Congressional Budget Office.
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