President Joe Biden sees a better funded, more aggressive IRS as a major piece of his plan to make corporations shoulder the cost of his roughly $2.25 trillion infrastructure program.
A proposed agency funding boost would be paired with a broader enforcement initiative that will be announced in the coming weeks to address tax evasion among corporations and high-income individuals, the administration said in the outline of its plan Wednesday. The enforcement ramp up is one of several corporate tax changes proposed to offset the cost of planned investments in highways, bridges, clean energy infrastructure, and other infrastructure projects.
The ...