As reported by The Daily Caller, the bill is called the “Inflation Reduction Act of 2022.” The bill would see the size of the IRS increase as part of a broader effort to increase “taxpayer compliance.” Under the new bill, the IRS would spend an additional $80 billion over the course of the next 10 years, up significantly from its current budget of $13.7 billion, with a primary focus on hiring thousands of new agents, and expanding operations, facilities, and services.
The bill allocates $45 billion for the purpose of hiring even more lawyers and auditors for the collection of taxes and cracking down further on those who fail to pay, with another $25 billion dedicated to increasing operations expenses, such as transportation and office rent. The remainder of the funding will see $5 billion and $3 billion, respectively, dedicated to “Business Systems Modernization” and “Taxpayer Services.”
Proponents of the bill say that the increased spending for resources and hiring will ultimately generate as much as $124 billion in government revenue through improved “tax enforcement,” which, they claim, will subsequently fight inflation. The increase in government revenue will partially go towards funding a massive spending package that Democrats are proposing to combat the broader economic crisis, to the tune of $430 billion.
However, the additional spending on such resources as office space and transportation may prove redundant and a waste of taxpayers’ money. In April, IRS Commissioner Charles Rettig said during his testimony before the Senate Finance Committee that over half of the IRS’ employees are working full-time from home rather than in their offices. In addition, an inspector general report in 2021 found that the agency’s fleet of government-issued vehicles is...
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