The IRS Is Getting $80 Billion. For What?
When President Joe Biden signed the Inflation Reduction Act into law, he allocated $80 billion for the Internal Revenue Service.The IRS says the money will help close the yearly deficit of $600 billion between the taxes the IRS collects and the taxes owed.The agency plans to spend the money on hiring new enforcement agents, modernizing technology, auditing the wealthiest Americans, and improving the taxpayer experience. But the plan has attracted partisan pushback.We discuss the obstacles the IRS has historically faced. We also talk about how far the new money will go to help the agency. Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Find us on Twitter @1A.