IRS releases $80 billion spending plan, stressing no increased audits for middle class
Taxes,IRS,Biden Administration,Economy And Jobs
The IRS released its plan on Thursday for spending the $80 billion in new funding provided by the Democratic Inflation Reduction Act, emphasizing that it wonβt be used to drive up audits on the middle class.
The 150-page Internal Revenue Service plan was released with the blessing of new Commissioner Danny Werfel. The report seeks to respond to Republican accusations that the agency will become supercharged and use its power to target non-rich families. It also highlighted the agencyβs plans to streamline customer service and help people properly file their taxes and avoid the auditing process.
The IRS plans to bolster its workforce quickly. The agency indicated that it intends to hire more than 7,000 new employees by the end of next year working in just enforcement alone, in addition to about 6,500 new workers in taxpayer services. The Treasury Department has previously projected that such a large infusion of capital could lead to 87,000 new IRS employees over the next decade, although the new plan doesn't project out that far.
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