Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
How the IRS Loses Billions to Overworked Agents
In this episode of The Fiscal Policy Podcast, Lucas and Luna dig into the IRS's chronic underfunding and its staggering cost: a tax gap that now tops $600 billion a year. They walk through what happens when enforcement budgets get cut, why hiring more auditors pays for itself many times over, and how the agency's tech stack — some systems still running on 60-year-old code — makes collecting even worse. Using the 2022 Inflation Reduction Act's $80 billion boost as a case study, they explain why the money is already fading, what the IRS can actually do with modernized systems…
The skinny
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