Biden Wants $80 Billion To Fund IRS Audits, Tax Enforcement Against High-Income Earners

Biden Wants $80 Billion To Fund IRS Audits, Tax Enforcement Against High-Income Earners


President Joe Biden is reportedly seeking an $80 billion handout to the Internal Revenue Service (IRS), to help the government agency increase the number of audits it does on high-income earners and seek out revenue that both individuals and corporations are “hiding” from the United States government, according to a new report from the New York Times.

The Biden administration hopes to raise around $700 billion from the tax enforcement effort, which the president hopes will offset the cost of his multi-trillion-dollar infrastructure plan, set to be unveiled this week.

The White House hopes to pair an increased IRS enforcement effort with new “disclosure requirements” designed to force small business owners and wealthy individuals to fork over cash they might have otherwise kept for themselves.

“President Biden, in an effort to pay for his ambitious economic agenda, is expected to propose giving the Internal Revenue Service an extra $80 billion and more authority over the next 10 years to help crack down

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