Sen. Coons: The Inflation Act ‘Increases Tax Enforcement’; We Want ‘More Effective, More Professional Tax Enforcement’
IRS would have resources to go after wealthy tax cheats
Tucked within the other provisions of the federal budget deal announced in the last week or so with Sen Joe Manchin of West Virginia is a big boost in funding for the IRS.
The purpose of which is to bolster the tax enforcement agency's ability to investigate and compel those Americans — especially wealthy Americans — who cheat on their taxes, to pay Uncle Sam what they owe.
It's perhaps one of the latest popular parts of the deal among Republican lawmakers, whose donor class is going to get hit hard by this new enforcement.
But it's just the right thing to do, according to Sen Chris Coons (D-Del.).
“That’s right. It increases tax enforcement so that those companies, those Americans who owe taxes but avoid paying them have to pay their fair share,” he said in an interview with Fox News. “Those of us who do pay our taxes year in and year out would like to see more effective, more professional tax enforcement and the significant additional revenue from reducing prescription drug prices, negotiating prescription drugs.”
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