IRS audits of corporations, wealthy would increase under Biden plan
WASHINGTON — President Joe Biden has a straightforward idea to help pay for his massive infrastructure and economic reform package that many Americans may not like: Give the Internal Revenue Service more money to collect the taxes the government is owed. On Wednesday, Biden will propose giving the IRS $80 billion and more authority over the next 10 years to help crack down on tax evasion, ...
by Sarah D. Wire, Los Angeles Times
Apr 28, 2021
3 minutes
WASHINGTON — President Joe Biden has a straightforward idea to help pay for his massive infrastructure and economic reform package that many Americans may not like: Give the Internal Revenue Service more money to collect the taxes the government is owed.
On Wednesday, Biden will propose giving the IRS $80 billion and more authority over the next 10 years to help crack down on tax evasion, especially by wealthier Americans and large corporations.
The money recouped would become the largest
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