President Joe Biden is reportedly seeking an $80 billion handout to the Internal Revenue Service (IRS), to help the government agency increase the number of audits it does on high-income earners and seek out revenue that both individuals and corporations are “hiding” from the United States government, according to a new report from The New York Times.
The Biden administration hopes to raise around $700 billion from the tax enforcement effort, which the president hopes will offset the cost of his multi-trillion-dollar infrastructure plan, set to be unveiled this week.
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