The decision of Daniel Werfel, Joe Biden’s New Internal Revenue Services (IRS) commissioner, to overhaul the IRS has been deeply questioned by lawmakers. Werfel was scrutinized thoroughly, and he explained his vision behind the plan and his concerns regarding the future of the agency.
Daniel Werfel was nominated by Joe Biden to become the new IRS commissioner and was given the duty to renovate the agency by making a big decision. According to Werfel, this decision is a golden opportunity to benefit the taxpayers.
Werfel gave his reasons before the Senate Committee about how he is going to use the new funding of $80 billion that has come to the committee. He was questioned if the investment would actually revamp the tax agency and stop their struggles.
Treasury Secretary Janet Yellen’s aim was to not increase audit rates for households earning less than $4,00,000 a year and Werfel has decided to walk in those footprints. Werfel guarantees that if his plans are confirmed, then he will drive his focus toward making sure that the highest-earning households in America comply with the tax laws. According to Werfel, if rich people are left alone, and only poor people are audited, then it disturbs the dynamic of trust the public has in the tax system.
Mike Carpo of Idaho, one of the ranking members of the committee, raised his concerns about the techniques that will be used to ensure tax enforcement with the funds given to the IRS. They have already seen a lot of shortcomings in the plans by former directors, and they don’t want to see any issues with the use of funds this time.
The Inflation Reduction Act that was passed last year sanctioned an amount of $80 billion for the IRS over ten years with the vision to provide better service to people who are paying taxes. This decision has also been the target of many politician’s agendas that claim that the use of funds will result in more audits for the American public.
Werfel has always been unique in his work in the government. As a co-host of the podcast “Gov Actually,” he ensures people that with the right intentions and ideas, the campaigning promises will actually be converted to reality. He also guarantees transparency about the use of funds if given a right chance.
A multi-lingual talent head, Allen is fluent in languages such as Spanish, Russian, Italian, and many more. He has a special curiosity for the events and stories revolving in and around US and caters an uncompromising form of journalistic standard for the audiences.