Daniella Cheslow
speaker
539 appearances
15 recordings
1 series
first heard Aug 2022
last heard Dec 2022
Daniella Cheslow’s voice in public audio — every appearance, attributed to the second.
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Appearances
The Federal Inflation Reduction Act is now law after President Biden signed it this week.
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It includes $80 billion in new funding for the taxman to be spent over a decade.
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So what will that mean for taxpayers?
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Joining me now is Laura Saunders, who covers taxes for The Wall Street Journal.
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Hello, Laura.
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Hello, nice to be here.
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Great to have you here.
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So $80 billion, what does that get you when it comes to the IRS?
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New workers?
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What kind?
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The IRS already gets funding every year.
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It's about $13 billion this fiscal year, right?
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What is the reason for the new funding?
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No Republicans voted for this bill in Congress, and at least one member of the party claimed armed tax collectors will show up at people's doors.
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Other Republicans said now the IRS will come after middle-income Americans who maybe just messed up their taxes by accident.
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How valid are these critiques?
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Who do you think could expect to be audited, and at what income levels?
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When might we see that happening?
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So if somebody suspects they might be subject to an audit, how long do they have to get their tax house in order?
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We've also reported on a backlog at the IRS, something like 17 million unprocessed paper tax returns for individuals and businesses.
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Showing 401–420 of 539 · page 21 of 27
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