I've been listening to some of my colleagues, and I'm sure we'll have more on the Democratic side of the aisle that have been such proponents of doing away with the collection. I just want to remind some of them of a couple of things that we should look at. First, this is money that the IRS will not go after. It is part of the goal that Congress said we will pursue to get this money, and it was going to show a $1 billion over 10-year revenue. Now, we have seen the start-up of PCAs, one in Iowa and one in New York, after a very clear scrutiny by the IRS and by strong oversight of the Congress. And there are start-up costs of the $50 million, as we're beginning to see the program come under way, to pursue money that the IRS either hasn't collected, can't collect, will not collect as the PCAs are pursuing it. And I have listened to a lot of people describe what they think they understand of a PCA, but they have never really been in tune with it. It kind of reminds me of somebody debating ATM legislation and never actually used an ATM.
Kim Reynolds: “I've been listening to some of my colleagues, and I'm sure we'll have more on the Democratic side of the aisle that have…”
Editor's note · Context
Discussing the role of Private Collection Agencies (PCAs) in tax collection during a House floor debate.
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