Generic selectors
Exact matches only
Search in title
Search in content

The Internal Revenue Service (IRS) would get $80 billion in President Biden’s budget proposal. Two former IRS commissioners said Sunday on “Government Matters” the budget boost should be permanent. Another former IRS commissioner, John Koskinen, gives his view on how the money should be spent.

  • Koskinen, who endorses the spending, said using some of the money to upgrade technology would enable more third-party reporting from banks, which could produce hundreds of billions of dollars in tax revenue from increased compliance.
  • Koskinen said the money should be split up between information, resources and technology to fix problems at the agency.
  • He said if Congress disposes only some of the $80 billion, the IRS should focus on hiring and addressing low-hanging fruit such as certain audits.
Sponsored Content

Agency in Motion: Air Force

Watch Agency in Motion: Air Force on Thursday, May 19th at 8:30 and 10:30 PM on WJLA 24/7 News, sponsored by KPMG
More
May 2022
S M T W T F S
1234567
891011121314
15161718192021
22232425262728
293031  
Where to Watch
  • Weeknights at 8 PM and 10:30 PM on WJLA 24/7
  • Sunday Mornings at 10:30 AM on 7News
  • AFN American Forces Network
    Worldwide on American Forces Network
Our Brands