The recent Democratic bill on climate and taxes includes an increase in funding for the Internal Revenue Service of an additional $80 billion over 10 years.
This funding increase is intended to enable the IRS to collect more revenue by strictly enforcing the tax laws that are already in place.
According to Bloomberg, the organisation plans to “increase auditors, improve customer service, and modernise technology” with the money it receives. This is an idea that resonates with me on a fundamental level, yet the more I learn from those who support it, the more sceptical I am.
The widespread consensus is that the Internal Revenue Service (IRS) lacks either the personnel or the technology necessary to successfully carry out its mandate.
For example, according to the independent Center on Budget and Policy Priorities, budget cuts have “depleted” the Internal Revenue Service (IRS), with the agency losing 19% of its budget and 22% of its workforce between the years 2010 and 2021. The organisation has also had trouble finding suitable replacements for departing employees.
Recent legislation proposed by Democrats to address climate change and tax policy includes provisions to raise funding for the Internal Revenue Service by an additional $80 billion spread out over ten years.
By properly enforcing the tax regulations that are already in place, which will be made possible by this boost in funds, the Internal Income Service is expected to be able to collect more revenue.
With the money that it receives, the organisation has stated that it intends to “expand auditors, improve customer service, and modernise technology.”
Bloomberg reports that these goals will be accomplished. Even though this is a notion that strikes a chord with me on a fundamental level, the more I hear from those who advocate for it, the more sceptical I get.
It is generally agreed upon that the Internal Revenue Service (IRS) does not have either the staff or the technology that is essential to successfully carry out the mandate that has been given to it.
For instance, according to the independent Center on Budget and Policy Priorities, budget cuts have “depleted” the Internal Revenue Service (IRS). Between the years 2010 and 2021, the agency will have lost 19% of its budget and 22% of its workforce. The organisation has also struggled to locate competent candidates to fill the positions vacated by departing staff.
Recent legislation proposed by Democrats to address climate change and tax policy includes provisions to increase funding for the Internal Revenue Service by an additional $80 billion spread out over ten years. This funding increase will take place over ten years.
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It is generally acknowledged that the Internal Revenue Service (IRS) does not possess either the personnel or the technology that is necessary to successfully carry out the mandate that has been assigned to it, and this is a consensus held by the majority of people.
For instance, the independent Center on Budget and Policy Priorities asserts that the Internal Revenue Service has been “reduced” as a direct result of budget cuts (IRS).
The organisation will have experienced a reduction of 19% of its budget and 22% of its employees between the years 2010 and 2021. The organisation has also had trouble finding qualified individuals to fill the roles that have been left open by employees who have left the company.
