Political Quotes

“I include in the Record an excerpt from a 2021 Biden administration proposal called ``The American Families Plan Tax Compliance Agenda'' that asks for $80 billion in IRS funding and clearly shows a plan for 86,852 new hires. [From the U.S. Department of the Treasury, May 2021] The American Families Plan Tax Compliance Agenda Restoring IRS Resources The first step in the President's efforts to restore IRS enforcement capability is a sustained, multi-year commitment to rebuilding the IRS. This involves spending nearly $80 billion on IRS priorities over the course of the decade including hiring new specialized enforcement staff, modernizing antiquated information technology, and investing in meaningful taxpayer service--including the implementation of the newly expanded credits aimed at providing support to American families. Importantly, the additional resources will go toward enforcement against those with the highest incomes, and audit rates will not rise relative to recent years for those earning less than $400,000 in actual income. The President's proposal includes two components: a dedicated stream of mandatory funds ($72.5 billion over a decade) and a program integrity allocation ($6.7 billion over a decade). These mechanisms provide for a sustained, multi- year commitment to revitalizing the IRS that will give the agency the certainty it needs to rebuild.…”