Though the Inflation Reduction Act is enormously popular, some politicians and pundits are trying to generate hysteria about one feature: Funding for the IRS. All the false claims are distracting us from two important things: how necessary the funding increase is to reverse the longstanding underfunding of this critical government agency, and how this funding will directly help average Americans get money owed to them while cracking down on billionaire tax cheats. Bonus: It will generate about $200 billion that we can re-invest in green energy, health care, and a cleaner climate. Over the last decade, budget cuts have shrunk IRS staff by 20 percent, leaving the agency with fewer audit
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