Jorge Castro Quoted on Growing Bipartisan Recognition for IRS to Address Tax Gap in Bloomberg Law
"Hill Tax Briefing: Midterms Add Pressure to Infrastructure Talks"
Tax Member Jorge Castro, former Democratic Congressional tax aide and Counselor to the IRS Commissioner during the Obama Administration, said there is "growing bipartisan recognition for the IRS to address the tax gap, which has been grown significantly." His comments were in response to legislation released yesterday by the House Appropriations Committee, which includes $13.2 billion in baseline IRS funding for fiscal 2022, reflecting the Biden Administration's proposed 10 percent increase. The bill also includes $417 million the Administration requested for the IRS to increase tax collections and reduce the tax gap—the difference between what taxpayers owe and what they actually pay on time. "In the end I think the Senate will—at the Administration's urging—increase the IRS's budget in order to achieve Congress' objective," Castro said.