Republicans have always hated the Internal Revenue Service (IRS). They constantly deride the agency, even though they’re essential to collecting the tax revenue that the entire government relies on to function.
“This touches every single aspect of the IRS, from technology to processes to forms, and we are speaking with Congress about getting additional funding for the implementation. We would expect that we would hire a significant number of people to help with the implementation.”
Hmm… Wonder if Mnuchin has discussed the matter with the White House and Congressional Republicans. He must not have gotten the memo the GOP has been slashing the IRS budget, leaving funding far below where it was just a few years ago. Thanks to the new tax cut for the wealthy, the Treasury estimates they’ll need at least $495 million more in fiscal 2018 and 2019, so they can implement the law. Of course, there will be less money rolling into the Department of the Treasury than ever before. Apparently, Mnuchin is unfamiliar with the concepts of irony and hypocrisy as well as basic math.
During the years President Obama was in office, Republicans never missed an opportunity to attack the IRS, accusing the agency of discriminating against conservative groups who applied for tax-exempt status. Now they want to pump nearly a billion dollars into the IRS so they can assure their tax scam plan goes smoothly, and their wealthy donors get every deduction under the sun.
While he was at it, Mnuchin also noted that an increasing number of audits could be done with the assistance of technology:
“There’s something that’s called the tax gap, which is the theoretical difference between what we do collect and what we should collect, and we’re going to look at using technology to narrow that.”
If the “tax gap” was such a big concern of the Trump team, shouldn’t they have just left the tax rates where they were?