When making a claim about how the IRS will use new funding from the Inflation Reduction Act, U.S. Sen. Tim Scott misapplied estimates from a year-old congressional letter that addressed a completely different topic.
ple when the Internal Revenue Service gets billions of dollars from the Democrats’ Inflation Reduction Act.
Sen. Tim Scott, R-S.C., told Fox News that although the IRS might say it won’t be coming after middle-income people, it will have to. But that committee never assessed the impact of the current effort to boost enforcement capacity at the IRS. And the effort is projected to produce $204 billion in revenue over the decade, not the $300 billion Scott said.
Over the years, funding cuts slashed the number of staff available to take on the high-dollar, more complicated tax evasions schemes. BetweenWhen the CBO looked at the full menu of changes at the IRS — enforcement plus the rest — it predicted that the agency would collect an
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