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Reason’s Eric Boehm writes, “President Joe Biden's plan to beef up IRS enforcement and snoop on Americans' bank accounts will require hiring more than 80,000 additional tax cops—expanding a federal bureaucracy with a long track record of flouting due process and undermining privacy.
Biden's Build Back Better plan calls for the IRS to conduct 1.2 million more audits every year, and about half of those would be targeting individuals earning less than $75,000 annually. https://t.co/yJXhP1IXf3 — reason (@reason) November 26, 2021
Biden's Build Back Better plan calls for the IRS to conduct 1.2 million more audits every year, and about half of those would be targeting individuals earning less than $75,000 annually. https://t.co/yJXhP1IXf3
As part of Biden's 'Build Back Better' plan, the IRS would get $80 billion in additional funding over the next 10 years. The bulk of those new funds, nearly $45 billion, would be directed toward enforcement actions with the goal of doubling the number of annual audits of small businesses. By comparison, the bill spends a relatively meager $1.93 billion on improving taxpayer services, including education and filing assistance.
In short, for every new dollar the IRS will spend helping Americans understand the endlessly complicated federal tax code, the agency will spend roughly $23 new dollars on enforcing those same rules.”
Read the entire column.
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