The Democrats’ $80 billion investment is allowing the IRS to crack down on wealthy tax cheats while better serving everyday taxpayers.
John,
Even before Democrats passed the $80 billion investment in the IRS to crack down on wealthy and corporate tax cheats and allow the agency to better-serve everyday taxpayers, Rep. Kevin McCarthy and his GOP allies were spreading misinformation, claiming an army of IRS agents would be breaking down doors of middle-class households.
Then, in January then-Speaker McCarthy celebrated the Republican Party’s attack on the IRS when they voted to claw back virtually the entire $80 billion IRS investment:
With McCarthy out as Speaker, we need to make sure that his replacement hears us loud and clear and backs off of the Republican attack on the IRS. That’s why we’re going on offense.
Thanks to the 10-year, $80 billion investment in the IRS, the agency finally has the resources to pursue thousands of wealthy tax evaders who owe hundreds of millions of dollars in back taxes. And, they’ve cut the backlog of unprocessed tax returns by 80%, ensuring everyday taxpayers are getting their tax refunds more quickly.[1]
Together, we’re fighting for a tax system that works for everyone, and that means making the wealthy pay their fair share.
Thank you for taking action today,
David Kass
Executive Director
Americans for Tax Fairness Action Fund
Last year we fought for and won the largest-ever investment in the IRS. This has allowed the agency to start cracking down on wealthy and corporate tax cheats, collecting $38 million from 175+ millionaires in the first half of this year.[1] And now they’re really cranking up their campaign against wealthy tax cheats: [2]
But that’s not all! This $80 billion investment is also allowing the IRS to better serve everyday taxpayers, processing tax returns more quickly and answering 2.4 million more calls this year than the year before.[3]
What is the GOP’s response? They want to claw back $67 billion of that $80 billion investment to allow their wealthy and corporate tax cheat donors to continue avoiding what they owe in taxes. And they’re trying to include that claw back in a deal to keep the government open―going back on a budget deal made earlier this year between President Biden and Speaker McCarthy.
Revoking this investment in the IRS is nothing more than a huge gift to rich and corporate tax cheats. More than a decade of cuts to the IRS caused audit rates on the wealthy to plummet between 2010 and 2020, to the point that low-income workers receiving the Earned Income Tax Credit were being audited at a higher rate than taxpayers earning over $1 million a year!
And if you’re worried about deficits―as the Republicans claim to be―you should know that every dollar invested in the IRS results in $7 in added revenue. That’s a 7-1 return on investment!
When the IRS is fully funded, we can crack down on wealthy tax cheats and collect the money we’re due to invest in critical services for working families.
Thank you for taking action today,
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] “IRS says it collected $38 million from more than 175 high-income tax delinquents,” ABC News, July 14, 2023
[2] “The IRS plans to crack down on 1,600 millionaires to collect millions of dollars in back taxes,” Associated Press, Sep. 8, 2023
[3] “How A Transformed IRS Will Provide World-Class Customer Service,” U.S. Department of the Treasury
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