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IRS Audits of the Rich Deliver Huge Bang for the Buck: New Study
Republicans have been clamoring to rescind billions of dollars in additional funding provided for the Internal Revenue Service as part of last year’s Inflation Reduction Act. They succeeded to an extent as part of the recent deal between House Speaker Kevin McCarthy and President Joe Biden to raise the debt limit, which also clawed back $21.4 billion from the tax agency. A new study suggests that deal could be costly. Researchers at the Treasury Department, Harvard University and The University