Column: Tax provisions may be Democrats' most unexpected victory in the inflation bill - Insurance News | InsuranceNewsNet

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August 10, 2022 INN Insider News
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Column: Tax provisions may be Democrats' most unexpected victory in the inflation bill

The IRS has been on a congressionally imposed starvation diet virtually since the 1970 s, which has been a get-out-of-paying ticket for corporations and the wealthy for all that time. Scoffing at the tax laws won't be so easy for them going forward, because the act almost doubles the IRS budget, providing $80 billion in new funds over the next 10 years.

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