The Congressional Budget Office’s (CBO) analysis of increased IRS funding could put a higher price tag on the multi-trillion Build Back Better Act.
The White House questioned on Tuesday the accuracy of the CBO as the non-partisan organization will soon release its score of the multi-trillion Build Back Better Act.
White House deputy press secretary Andrew Bates said the “CBO doesn’t have experience analyzing revenue amounts gained from cracking down on wealthy tax cheats who are taking advantage of every honest taxpayer.”
Bates contended that with an extra $80 billion in funding, the IRS could raise as much as $400 billion in extra tax revenue.
However, CBO Director Phillip Swagel said during an event at the Bipartisan Policy Center Monday that the agency does have