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President Biden is counting on a reinvigorated IRS to help fund some of his more ambitious spending plans, but The Wall Street Journal’s Richard Rubin says Tuesday that revitalizing the agency may be more challenging than some policymakers expect.
There’s little doubt that the IRS needs help. The agency has lost about 15% of its workforce over the last decade, making it harder to provide services to taxpayers, and the percentage of taxpayers being audited recently fell to a 40-year low. As a result, the value of missed tax collections has soared, and Commissioner Charles Rettig said last week that the underpayment of taxes may come to $1 trillion each year. ....

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