Biden plan to hire 80K IRS agents will backfire, letting wealthy dodge taxes, expert warns
Posted on AllSides November 12th, 2021
From The Right
President Biden’s proposed tax hikes and plan to hire more than 80,000 additional Internal Revenue Service agents could wind up helping the super-wealthy to avoid paying their fair share, according to a new analysis.
The new system of tax hikes and credits that Democrats are championing in the $1.75 trillion social welfare and climate bill would also complicate the tax code and make enforcement difficult, said a report Thursday from the libertarian Cato Institute.
The new complications, irrespective of beefed-up enforcement, do nothing to close the gap between taxes owed to the...
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