The Internal Revenue Service (IRS) is expected to collect significantly more in overdue and unpaid taxes than previously projected, as a result of the Inflation Reduction Act championed by Democrats. The Treasury Department and the IRS released a new analysis indicating this increase in revenue. The Inflation Reduction Act's enhanced enforcement measures are credited with enabling the IRS to target wealthy individuals and corporations that have avoided taxes. This is seen as a substantial win for taxpayer fairness, with estimates suggesting that up to $561 billion could be recouped over the next decade from rich tax cheats.
Great news! The Inflation Reduction Act is set to bring in hundreds of billions of dollars from billionaire tax cheats and corporations that haven’t paid taxes for years. @HouseDemocrats are committed to making the wealthy pay their fair share! https://t.co/uweAGUD8iW
Exciting news! Democrats' Inflation Reduction Act is a game-changer in ensuring fairness in our tax system. The IRS is collecting BILLIONS in unpaid taxes from wealthy tax cheats and big corporations. https://t.co/XiBYGwkFiq
Exciting news! Democrats' Inflation Reduction Act is a game-changer in ensuring fairness in our tax system. The IRS is collecting BILLIONS in unpaid taxes from the wealthy tax cheats and big corporations. https://t.co/hVgqYM3jUJ
Thanks to the Democrats' Inflation Reduction Act, millionaire and billionaire tax cheats are finally getting caught and paying their fair share. https://t.co/y0FZo2HlGR https://t.co/CeJyw8T0ph
🚨 The IRS estimates that thanks to the Inflation Reduction Act and House Democrats, they will bring in as much as $561 billion over the next decade from rich tax cheats. This is a major victory for taxpayer fairness! https://t.co/kIEMY7AkH1
The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated. https://t.co/MaIve8WRIu
The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according to new analysis released by the Treasury Department and the IRS https://t.co/dxK1XX6R0G
The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, thanks to stepped-up enforcement made possible with money from the Democrats’ Inflation Reduction Act. https://t.co/MHygETGThR
The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according to new analysis released Tuesday by the Treasury Department and the IRS. https://t.co/m3iRszvMyW