Daniel Pilla writes about what the IRS will do with its billions in new funding:
The centerpiece of IRS spending would be for tax-law enforcement. The bill promises $45.638 billion for this purpose, to include enhanced audits and collection, legal and litigation support, criminal investigations, digital asset monitoring and compliance, and the general enforcement of tax laws and other financial crimes.
And while the administration has repeatedly assured us that the targets of this increased enforcement action will be only high-income earners, I have shown clearly that the targets will likely be self-employed persons, along with those who claim the benefits of the laundry-list of refundable tax credits — lower-income taxpayers.
But even if the IRS targets only high-income taxpayers, spending the lion’s share of the $80 billion on enforcement is simply bad policy.
Read the whole thing here.