{"id":34349,"date":"2022-11-03T15:27:17","date_gmt":"2022-11-03T20:27:17","guid":{"rendered":"https:\/\/unitedresourceconnection.org\/cannon-ball-nd-58528\/legislation-to-hold-the-irs-more-accountable\/"},"modified":"2022-11-03T15:27:21","modified_gmt":"2022-11-03T20:27:21","slug":"legislation-to-hold-the-irs-more-accountable","status":"publish","type":"post","link":"https:\/\/unitedresourceconnection.org\/cannon-ball-nd-58528\/legislation-to-hold-the-irs-more-accountable\/","title":{"rendered":"Legislation to hold the IRS more accountable"},"content":{"rendered":"
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\"\"WASHINGTON<\/strong> \u2014 U.S. Sens. John Thune (R-S.D.), ranking member of the Subcommittee on Taxation and Internal Revenue Service (IRS) Oversight, and Chuck Grassley (R-Iowa), former chairman of the Senate Finance Committee and a current member of the Subcommittee on Taxation and IRS Oversight, today announced that they intend to introduce legislation that responds to the Democrats\u2019 use of the so-called \u201cInflation Reduction Act\u201d (IRA) to infuse $80 billion of new funding into the IRS\u2019s budget. The legislation, which is still being finalized, will be introduced when the Senate returns to session later this month. It would give Congress a direct say in how this new funding could be spent, hold the IRS more accountable, and provide more transparency for the American people.<\/p>\n

\u201cThe Democrats\u2019 attempt to supersize the IRS\u00a0without holding the agency accountable to Congress and American taxpayers is dangerous and irresponsible,\u201d said Thune<\/strong>. \u201cThis legislation would provide much-needed oversight of the unprecedented $80 billion in new funding to the agency, more than half of which Democrats have directed toward enforcement-related measures, including audits.\u00a0If our bill becomes law,\u00a0the Biden administration\u2019s IRS would have to answer to the American people, not Washington bureaucrats.\u201d<\/p>\n

\u201cGovernment, especially when it comes to the treatment of taxpayers, needs to accountable and transparent to the American people,\u201d said<\/strong> Grassley<\/strong>. \u201cWhen Democrats\u2019 partisan spending bill gave the IRS an extra 80 billion dollars, their legislation included no oversight mechanisms whatsoever. Our bill will ensure that the IRS is answerable to the American people in how it uses this money, and will force it to forfeit funds every day it\u2019s not in compliance.\u201d<\/p>\n

The senators\u2019 legislation would, among other things, require the IRS to provide Congress with an annual plan for how the agency intends to use the new IRA funds, which would be subject to a new joint resolution of disapproval. The bill would also require quarterly updates from the IRS and U.S. Department of the Treasury to enable consistent and transparent evaluation of the plans, provide accountability for any misuse of funds, and guard against violations of taxpayer rights. Failure to submit timely and thorough plans or reports would result in financial penalties, including IRA funds being rescinded on a daily basis until the IRS complies with the reporting requirements.<\/p>\n

The legislation is supported by the National Taxpayers Union, Americans for Tax Reform, and Americans for Prosperity. The full bill text will be available upon the formal introduction of the legislation.<\/p>\n

Thune recently penned an op-ed in the Wall Street Journal<\/a> outlining Republicans\u2019 plans to hold the IRS accountable.<\/p>\n

The post Legislation to hold the IRS more accountable<\/a> first appeared on Native Sun News Today<\/a>.<\/p>\n

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WASHINGTON \u2014 U.S. Sens. John Thune (R-S.D.), ranking member of the Subcommittee on Taxation and Internal Revenue Service (IRS) Oversight, and Chuck Grassley (R-Iowa), former chairman of the Senate Finance Committee and a current member of the Subcommittee on Taxation and IRS Oversight, today announced that they intend to introduce <\/p>\n

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Shared by Native Sun News Today<\/a> November 3, 2022<\/p>\n

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