Biden’s Infrastructure Plan to Fund IRS ‘Enforcement’ on Businesses

by Wendell Husebo

President Joe Biden’s infrastructure proposal will ramp up the Internal Revenue Service (IRS) activities on business, where each business may be audited like “A decade ago… annually by the IRS” so they “pay their fair share.”

According to the proposal, the “IRS lacks the capacity to scrutinize… tax maneuvers: A decade ago, essentially all large corporations were audited annually by the IRS; today, audit rates are less than 50 percent.”

“This plan will reverse these trends, and make sure that the Internal Revenue Service has the resources it needs to effectively enforce the tax laws against corporations,” the plan reads before continuing, “This will be paired with a broader enforcement initiative to be announced in the coming weeks that will address tax evasion among corporations and high-income Americans.”

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