Biden Poised to Get Win on IRS Funding in Reconciliation Package

President Joe Biden is poised to see his goal of significantly increased IRS funding become a reality, with the funding boost forming a key portion of the reconciliation package brokered by Senate Majority Leader Charles Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.)

Unlike most of Biden’s proposals to raise revenue, IRS funding made the cut. The roughly $80 billion in additional funding for the agency included in the legislation announced Wednesday is consistent with the amount the administration first proposed last spring.

The funds, which are outside of the regular annual appropriations process, would be available to the agency until ...