Cenk Uygur
Cenk Uygur
@TheYoungTurks·6.5M subscribers·70.7K videos

Beefed Up I.R.S. Collects Over $1 Billion From The Rich

Posted

July 13, 2024

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The newly funded I.R.S. has collected $1 billion from wealthy delinquent taxpayers. Yasmin Kahn, Jordan Uhl and Mark Thompson discuss on The Young Turks. Your Support is Crucial to the Show

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"The Biden administration’s yearlong effort to crack down on delinquent rich taxpayers has yielded $1 billion, a milestone that the Treasury Department said on Thursday was the result of beefed-up enforcement by the Internal Revenue Service.

The tax agency has been undergoing a $60 billion modernization initiative aimed at improving its customer service and catching wealthy tax evaders. The Biden administration, which initially signed a law giving $80 billion to the agency, continues to contend with attempts by Republicans in Congress to claw back more of the money. As a result, the administration has been trying to demonstrate that the funds are being put to good use by bringing in additional tax revenue that has been going uncollected."

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Guests & Subjects Covered

Yasmin Kahn Jordan UhlMark ThompsonShow GetWatch TYT LIVEET ReadHERE The BidenTreasury DepartmentInternal Revenue Service The

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