Should funding for the IRS be raised? As the White House seeks to add $80 billion to IRS funding (over 2022-2031), the Congressional Budget Office (CBO) evaluated potential effects of that move. CBO Director Phil Swagel said in a blog that the extra funding would increase audits and “revenues by approximately $200 billion.” CBO estimates that about $60 billion would be used for enforcement and related operations, new technology and new-hire training. The proposal would expand information reporting by taxpayers, which could raise revenue, CBO said. It would also focus “enforcement activity on high-wealth taxpayers, large corporations and partnerships.” Here’s the blog: 


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