Biden’s IRS Funding Helped Agency Recover Half-Billion Dollars From Superwealthy
Biden’s Inflation Reduction Act, passed in 2022, granted the Internal Revenue Service $80 billion to use over the following decade. The agency has used the funding to recover unpaid taxes from ultrawealthy individuals and corporations, but the money might not last for long. Massive Haul On Jan 12, the IRS announced that it had recovered…