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HILL TAX BRIEFING: Tax Gap Focus of Ways and Means Hearing

June 10, 2021, 10:32 AM

A group of House tax writers today will examine a persistent problem for the IRS: the chasm between what Americans owe in taxes and what they actually pay.

The House Ways and Means Oversight and Select Revenue Measures subcommittees are holding the joint hearing on the tax gap, a topic that has been in the spotlight lately. President Joe Biden’s infrastructure and social spending plans bank on the IRS being able to collect more revenue through enforcement.

IRS Commissioner Charles Rettig has estimated the gap could be as much as $1 trillion annually, and the agency ...

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