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C0RI0LANUS

(510 posts)
Mon Jan 23, 2023, 03:08 AM Jan 2023

US Treasury's Yellen says IRS needs to be 'completely redone'

US Treasury Secretary Janet Yellen on Sunday said rebuilding the Internal Revenue Service would be one of her top priorities in coming years, putting her squarely at odds with Republicans who have taken control of the House of Representatives.

Yellen told Reuters in an interview on her way to Zambia that she was thrilled that Congress had approved $80 billion in new funding to help the agency reduce a huge backlog of tax returns and better hunt down $600 billion in unpaid tax bills.

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