In Monday’s commentary, I observed that if you want to control the national debt, then the dumbest thing you could do would be to cut the new funding for the IRS.
, I observed that if you want to control the national debt, then the dumbest thing you could do would be to cut the new funding for the IRS.-enforcement of the tax code was costing the treasury about $1 trillion every year!The reaction was one listener who wrote in saying ‘Bravo,’ and another listener who said, ‘Sorry, Dave, we have every right to keep our money from the government.
“Already we spend more on interest payments than we do on programs for children, and in the next five years, we will spend more on interest payments than we do on defense,” MacGuineas continued. “The additional money is actually going to be used to try to close that tax gap and ensure people that aren’t paying everything that they owe, that those taxes are collected,” MacGuineas said. “I don’t want to pretend that just collecting taxes that are owed is going to fix this entire problem, but absolutely, it will collect significant revenues.
And one more thing — she says even if the Republicans got every cut they’re asking for, it would only be a start.
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