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Related: IRS to Begin Summary Executions of People Accused of Not Paying Enough Taxes
Some of this stuff seems like a joke.
US Treasury Secretary Janet Yellen on Sunday said rebuilding the Internal Revenue Service would be one of her top priorities in coming years, putting her squarely at odds with Republicans who have taken control of the House of Representatives.
Yellen told Reuters in an interview on her way to Zambia that she was thrilled that Congress had approved $80 billion in new funding to help the agency reduce a huge backlog of tax returns and better hunt down $600 billion in unpaid tax bills.
She said she decided to stay on as Treasury secretary in large part to oversee implementation of legislation like the Inflation Reduction Act, which included the IRS funding and passed on party lines last year.
Yellen lobbied hard for the extra funding to help the IRS deal with what she called massive problems, including a “huge backlog” in working through tax returns, and lack of personnel to carry out complicated audits of higher-earning taxpayers.
“I’m excited about legislation that’s passed and I want to make sure that it makes the difference it should make, and that includes the IRS,” she said. “That agency needs to be completely redone, and it’s a big task.”
Republicans sought unsuccessfully to slash tens of billions in IRS funding from the law.
The law also includes about $270 billion in tax credits for electric vehicles, home solar panels and other climate purchases that will be overseen by Treasury, which has made Yellen a pivotal climate figure in President Joe Biden’s administration.
“I want to see that work progress. Maybe it’s not the sexiest kind of stuff in the world, but I think if you want to make a difference in the world, you have to have the follow-through,” she said.
They’re going to loot you with guns like highwaymen because they need the money to do global warming stuff.
They have to quickly change the weather or everyone will die for some reason.
