The IRS could recover 10% to 20% more in taxes owed if Congress gave it a much-needed funding increase, Commissioner Chuck Rettig told the Senate appropriations subcommittee Wednesday.
Rettig has previously said the tax gap—the difference between the taxes collected and owed—could be as large as $1 trillion a year. President Joe Biden has called for $80 billion over a decade in additional enforcement funding for the agency.
- “That’s a meaningful figure. I leave it to the economists to determine what actually those recoveries would be,” Rettig said of the estimated recovery percentage.
- The Biden administration has said a ...