Biden plan to hire 80K IRS agents will backfire, letting wealthy dodge taxes, expert warns
Posted on AllSides November 12th, 2021
From The Right
AP Photo/Susan Walsh, File
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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