IRS pleas for more funding from Congress — made over the years by one leader after another — finally paid off this summer when Democrats tucked an $80 billion boost for the agency into their flagship climate and health care law.
Some of the IRS hires will be added to the ranks of sophisticated auditing teams that spend thousands of hours poring over complicated returns, but the Biden administration has also made clear that small business or households earning $400,000 per year or less will not see an increase in their chances of being audited.
House Minority Leader Kevin McCarthy, the speaker-in-waiting, has promised that if Republicans take the majority, passage of a billWhile such a bill stands little chance of becoming law — President Joe Biden will retain veto power even if the GOP wins control of Congress — Republicans are unlikely to abandon the issue. Their greatest leverage over IRS funding will come when Congress takes up must-pass spending bills to finance government agencies or to avoid a government default on its debt.
“There’s crickets, is exactly the word, a crickets response from Democrats on this issue,” said Frank Clemente, executive director of Americans for Tax Fairness, a liberal-leaning advocacy group. The IRS will also be tasked with coming up with how to move forward with an expanded free-file system for taxpayers.
Democrats provided the funding boost to the IRS to help pay for other health and climate priorities, such as helping millions pay their health insurance premiums over the next three years and capping insulin costs at no more than $35 a month for Medicare beneficiaries.Of the additional $80 billion in IRS funding, the legislation allocated $46 billion for enforcing tax laws. The remainder goes to other activities such as services for taxpayers, operations support and updating business systems.
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