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Live Updates: Biden to Toughen Tax Enforcement to Help Pay for His Economic Agenda
President Biden is seeking $80 billion to strengthen I.R.S. enforcement, which administration officials believe will raise at least $700 billion over a decade. Mr. Biden and Vice President Kamala Harris will travel the country this week to promote the administration’s agenda.
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President Biden will deliver remarks on the coronavirus response. He is expected to speak about outdoor mask mandates.CreditCredit.Al Drago for The New York Times
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President Biden is looking for ways to pay for his $1.5 trillion American Families Plan and his $2.3 trillion infrastructure proposal.Credit.Al Drago for The New York Times
President Biden is looking for ways to pay for his $1.5 trillion American Families Plan and his $2.3 trillion infrastructure proposal.Credit.Al Drago for The New York Times
President Biden is expected to propose giving the Internal Revenue Service an extra $80 billion and more authority over the next 10 years as he looks for ways to raise money to pay for his economic agenda, according to two people familiar with the plan.
Mr. Biden is expected to propose beefing up the I.R.S. to crack down on individuals and corporations that evade paying federal taxes. He will use the recouped tax funds to help pay for the cost of his American Families Plan, which he will detail before addressing a joint session of Congress on Wednesday.