GOP Gains Would Challenge Biden’s IRS Expansion

Wall Street Journal: “The real challenge to Democrats’ IRS plans goes beyond McCarthy’s first-day agenda. It is embedded in the agency’s continuing need for lawmakers to approve annual spending that rises steadily to cover workers’ cost-of-living pay increases and other expenses. Between now and the end of 2031, when the $80 billion expires, those annual budgets are projected to total $138 billion.”

“If Congress approves all that, the $80 billion pays for a significant expansion of tax enforcement and customer service. If Congress cuts or flatlines the annual budget, the IRS could be forced to deploy some newly approved funds to maintain current operations, limiting the agency’s ability to collect unpaid taxes.”