Posted: Nov 28, 2021 12:01 AM
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The Biden administration is scrambling to come up with ways to pay for its trillions of dollars of social program proposals. One such way they’ve proposed to do this is to give the Internal Revenue Service (IRS) more funding to go after potential tax cheats. Proponents say more money for the IRS will pay for itself by allowing the agency to go after millionaires and billionaires who are underpaying on their federal tax returns.