The budget proposal submitted by the White House on Thursday would add roughly $43 billion in funding to the Internal Revenue Service, also known as the IRS, months after the tax enforcement agency received $80 billion through the Inflation Reduction Act.
Beyond the $14.1 billion allocated to the IRS, which marks a 15% increase from the previous year, the budget would provide another $29.1 billion in “mandatory funding for enforcement and operations,” according to a press release from the House Ways and Means Committee. The proposed allocation comes after the IRS received an $80 billion windfall through the Inflation Reduction Act signed by President Joe Biden in August.
Treasury Secretary Janet Yellen testified before the House Ways and Means Committee on Friday that the funds from the Inflation Reduction Act have resulted in taxpayers receiving “drastically improved customer service” because staffers were equipped to answer “hundreds of thousands more phone calls during…
