IRS
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blog March 25, 2021 Tax Reform Must Include Adequate Funding for the IRS
The Biden administration has made clear that its top priorities include a major recovery package with critical investments to boost the nation’s economy and tax increases for corporations and the… -
blog February 19, 2021 Enforcing Current Tax Law Makes Financial Sense
While lawmakers disagree sharply over what our tax law should look like, there should be no argument that we must enforce tax laws currently on the books. Yet, Republican Congresses systematically weakened the IRS’s ability to enforce tax laws by defunding the agency, resulting in hundreds of billions in lost tax revenue every year. Two bills introduced in the U.S. House would address this by increasing tax audits of big corporations and high-income individuals and by providing more resources to the IRS.
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blog September 30, 2020 Donald Trump and Taxes: Fast and Loose with Loopholes or Fraud?
The president’s apparent abuse of everything from hair-care deductions to consulting fees for family members raises questions about whether Trump was fast and loose with tax loopholes or whether the IRS simply wasn’t enforcing the law. Either way, Trump successfully flouting or pushing the limits of the law shouldn’t come as a surprise: Congress has cut IRS funding, in real terms in each of the last 10 years.
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blog July 10, 2020 Adequately Funding the IRS Would Be One Small Step Toward Racial Equity in the Tax Code
IRS Commissioner Charles Rettig vowed to work with Congress to explore how the federal tax system contributes to the racial wealth gap. There are at least two ways this can happen: tax policies enacted by Congress and IRS enforcement of these policies.