Jorge Castro Quoted on Implications of No Confirmed IRS Commissioner in Politico Morning Tax
"Politico Pro Morning Tax - October 24, 2022"
Jorge Castro, former Counselor to the IRS Commissioner during the Obama Administration and former Congressional tax aide, commented on the implications of not having a Senate-confirmed IRS Commissioner when the agency crafts its initial implementation plan for the new $80 billion in funding from the Inflation Reduction Act, which U.S. Secretary of the Treasury Janet Yellen requested by February. "It's certainly going to be a very important document, because it's the first document that's going to put the IRS's thinking on paper. But they're also not going to answer every single question in this document either," Castro said. Treasury is expected to have significant input for the new funding plan, but the next IRS chief, after they are confirmed, will also have plenty of time to put their stamp on the funding strategy.