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Five Ex-Treasury Secretaries Support Biden Plan to Beef Up IRS

June 10, 2021, 1:51 PM

Five former U.S. Treasury secretaries endorsed President Joe Biden’s plan to beef up Internal Revenue Service funding and data to better collect trillions of dollars in tax revenue.

Timothy Geithner, Jacob Lew, Robert Rubin and Lawrence Summers -- who served in Democratic administrations -- and Henry Paulson, a secretary under Republican President George W. Bush, co-wrote an opinion piece published Wednesday by the New York Times. The former officials said that while they may disagree on areas of tax policy, “we believe in the importance of strengthening the tax system to do more to collect legally ...

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