John,

Why do we need a fully functioning Internal Revenue Service? Just look at this headline from earlier this week:

Cuts to the IRS budget over the last decade had caused a sharp decline in how many millionaires, billionaires, and wealthy businesses were audited. But, thanks to the $80 billion investment that we fought for and won last year in the Democrats’ Inflation Reduction Act, the IRS is finally able to crack down on wealthy and corporate tax dodgers.

In the first half of this year, the IRS collected $38 million from 175+ millionaires. And now they’re targeting 1,600 additional millionaires who owe at least $250,000 each in taxes, and closely examining 75 corporations with assets averaging $10 billion.[1]

This progress is a direct result of our work together. But it’s under threat by Congressional Republicans who seek to cut $67 billion of that $80 billion investment in the IRS.

Republicans know that every dollar invested in the IRS results in a 7-to-1 return. But that’s OK with them, since their goal is to starve the country of the tax dollars we need to invest in working people and our communities.

That’s why then-Speaker Kevin McCarthy celebrated the Republican Party’s attack on the IRS when they voted earlier this year to claw back virtually the entire $80 billion IRS investment:

Donate today to fight to protect and increase IRS funding, not cut funding that’s finally allowing the IRS to crack down on wealthy and corporate tax dodgers.

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Together, we’re fighting for a tax system that holds the rich and corporations accountable.

David Kass
Executive Director
Americans for Tax Fairness Action Fund

[1] “The IRS plans to crack down on 1,600 millionaires to collect millions of dollars in back taxes,” Associated Press, Sep. 8, 2023