Most taxpayers would be less likely to be audited under Biden’s new IRS enforcement proposal

One of the ways that President Joe Biden proposes to pay for the important investments in his Build Back Better plan is by strengthening the IRS’s enforcement arm to catch tax cheats. Unfortunately, the financial industry and conservatives in Congress are mischaracterizing his proposal to improve the information that banks report to the Internal Revenue Service, and some of their false claims have taken on a life of their own on social media.

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