IRS to unveil $80B spending plan this week, Yellen says – By Megan Henney (FOX Business) / Apr 4 2023
IRS to detail spending plan for $80B funding influx from Democrats
The Internal Revenue Service will release its long-awaited spending plan for $80 billion in new funding this week, according to Treasury Secretary Janet Yellen.
Yellen said Tuesday that the tax-collecting agency will outline its spending initiatives in greater detail with the release of its strategic operating plan later this week.
The influx of money for the IRS over the next decade was included in the Democrats’ health care and climate change spending bill – dubbed the Inflation Reduction Act – that President Biden signed into law in August 2022. The funding is aimed at improving tax compliance among big corporations and wealthy Americans and shrinking the estimated $600 billion tax gap.
CONTINUE > https://www.foxbusiness.com/economy/irs-unveil-spending-plan-funding-week-yellen-says
