Building Stronger IRS Should Be Bipartisan: White House Official

The Biden administration’s plan to increase compliance with the IRS should be an area of bipartisan agreement as negotiations between the administration and lawmakers continue, a White House official said.

“I don’t see how anyone can be against that one. We’re talking about decades of disinvestment, this time in a key government agency,” White House Council of Economic Advisers member Jared Bernstein said at a Bloomberg Tax event Thursday. Specifically, closing the multinational tax loopholes and addressing past defunding of the IRS are an “important part of this puzzle.”

• Biden’s budget proposal includes enforcement funding to help prevent fraud ...