Washington (CNN)The Internal Revenue Service is finally about to get the additional funding its officials have long been waiting for.
The Democrats' Inflation Reduction Act calls for delivering nearly $80 billion to the IRS over 10 years. After months of negotiations over the sweeping spending package, the Senate passed the bill earlier this month, sending the legislation to the House for a vote before it reaches President Joe Biden's desk.
The funding would help support the work of the IRS -- including but not limited to audits -- and in turn, is expected to bring in more federal tax revenue to help offset the cost of the Democrats' plan to lower prescription drug costs and combat climate change. |