How Biden Could Fund His Next Bill

Chye-Ching Huang: “After a decade of budget cuts for the agency, the cracks in the I.R.S. are costing taxpayers trillions of dollars and growing impossible to ignore. The agency is increasingly unable to detect or address blatant tax cheating by high-income filers and the largest businesses.”

“In February, I.R.S. Commissioner Charles P. Rettig told Congress that about $570 billion in taxes owed in 2019 were not paid. That tax gap is projected to total about $7.5 trillion over this decade. Meanwhile, the I.R.S. answered fewer than a quarter of its phone calls from people seeking help with their taxes.”