It's kind of shocking, when it comes to how irresponsible it is. It's emblematic of a desire to, essentially, increase corporate power.
See this page in the PDF
Department of the Treasury
• Code (26
g the corporate income tax in m that taxes labor and capital-factor incomes equally—
ied dividends tax is $12.30, which leaves $69.70, for an effective marginal tax rate of 30 percent. This, of
ic Law 115-97, § 11061, amending Internal Revenue Code $ 2010(c). The amounts s are $5 million and $10 million, respectively. See also Internal Revenue Service, Tax, Basic Exclusion Amount for Year of Death,” https://www.irs.gov/businesses/
ax (accessed March 22, 2023). ould remain equal to the tax rate on global
U.S. Code § 67). Business deductions ated to depreciation) should also be extended. inment expense deductions. The 2017 tax bill’s
losses should be made permanent. The Pease
ould be maintained.
care consumers skin in the game. ion on
giving health s could gradually phase down the limita
0 a destination-based
nance literature, Gregory Mankiw 0. 4 (2009), pp. : Alan J. Auerbach, 2006, arch 19, 2023); and Cambridge, MA:
the modern public fi
Vol. 23, 9, 2023
, 2019, https://www.
Foundation ive-tax
our-conserva
s Edwards, Global Tax Revolution: The Rise of Tax Competition and the Battle to nstitute, 2008); Preston Bra of Government,” March 17, 2022, https://www.heritage.org/
shers, “Like Constitutional Checks and Balances,
(accessed
ion and Development (OECD): What America rch 16, 2021, https://www.heritage.org/
Identity Theft, Crime, Industrial Espionage, and undation Commentary, https://www.heritage. tity-theft-crime-industrial-espionage-and;
33. 34,
35
36. 37.
38
39
AQ. Al.
42
43
44
AS.
46. 47.
48
David R
. Burton “Towards a Global Tax Cartel?” Policy, Vol. 18, No. 4 (Summer 2002-2003), Center for
Independent Studies (Australia), httos://www.cis.org.au/wp-content/uploads/2015/04/images/stories/policymagazine/2002-summer/2002-18-4-david-r-burton.pdf (accessed March 19, 2023).
Roberts
et al., “Organization for Economic Co-operation and Development (OECD).”
See Inflation Reduction Act, $ 10301. See also Preston Brashers, “IRS and Allies Downplay 87,000-Person Hiring Binge,” The Daily Signal, August 12, 2022, https://www.dailysignal.com/2022/08/12/the-irs-and-itsallies-downplay-87000-person-hiring-binge/ (accessed March 19, 2023).
U.S. Department of the Treasury, General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals, May 2021, pp. 88-89, https://home.treasury.gov/system/files/131/General-Explanations-FY2022.pdf (accessed March 19. 2023).
See US. U.S. House of Representatives, Committee on Oversight and Reform, Policy and Supporting Positions, December 2020 (the “plumb book”), p. 127 https://www.govinfo.gov/content/pkg/GPO-PLUMBOOK-2020/ pdf/GPO-PLUMBOOK-2020.pdf (accessed March 19, 2023).
nternal
7803(a) For a su
estimo
Department of the Treasury, Fiscal Year 2022-2026 Strategic Plan.
Revenue Service, “Organization and Top Officials,” https://www.irs.gov/pub/newsroom/marketing/
internet/irs-organization-chart.pdf (accessed March 19, 2023). See also Internal Revenue Code (26 U.S. Code §
~(b)). mmary of various GAO reports on various IRS IT problems, see Vijay A. D’Souza, “Information
Technology: IRS Needs to Address Operational Challenges and Opportunities to Improve Management,”
ny before the Subcommittee on Government Operations, Committee on Oversight and Reform,
U.S. House of Representatives, October 7, 2020, GAO-21-178T, https://\www.gao.gov/assets/gao-21-178t.
pdf (accessed March 19, 2023). Charles O. Rossotti was named IRS Commissioner by President Bill Clinton
primaril
y so that Rossotti could address widely acknowledged IT issues. He made some improvements
between 1997 and 2002, but despite large investments, he did not really resolve the IT problems at the IRS.
nternal See, for
Restruc Law 114
nterna
nterna
Scott A.
Organiz
Since that time, the problems have worsened. D'Souza, “Information Technology,” figure 1, p. 5.
Revenue Service, /RS Integrated Modernization Business Plan, April 2019, https://www.irs.gov/pub/
irs-pdf/p5336.odf (accessed March 20, 2023).
example, the Omnibus Taxpayers’ Bill of Rights, Public Law 100-647, Subtitle J of Title VI of
he Technical and Miscellaneous Revenue Act of 1988; Taxpayer Bill of Rights 2, Public Law 104-168; IRS
uring and Reform Act of 1998, Public Law 105-206, Title Ill; Consolidated Appropriations Act, Public -]13, Title IV, Subtitle A (adding Internal Revenue Code § 7803(a)(3) and other changes); and Taxpayer , Public Law 116-25, Title I.
of 68 proposed reforms, see National Taxpayer Advocate, 2022 Purple Book: Compilation of
ps://www.taxpayeradvocate irs.gov/wp-content/uploads/2022/01/ARC21_ PurpleBook.pdf (accessed
arch 19, 2023). Most, though not all, of these proposals have merit. Regarding penalty reform, see Jeremiah , “Achieving Meaningful Civil Tax Penalty Reform and Making It Stick,” Akron Tax Journal, Vol. 27 (2012), ideaexchange.uakron.edu/cgi/viewcontent.cgi?article=1153&context=akrontaxjournal (accessed
arch 19, 2023).
Revenue Service, 2023 Congressional Budget Justification & Annual Performance Report and
Plan, Rev. 3-2022, https://home.treasury.gov/system/files/266/Internal-Revenue-Service-FY-2023-CJ.pdf (accessed March 19, 2023).
Revenue Service, 2027 IRS Data Book: October 1, 2020 to September 30, 2021, table 11, p. 26, https://
www.irs.gov/pub/irs-pdf/o55b.pdf (accessed March 19, 2023). bid., 2027 IRS Data Book, table 2, p. 4.
Hodge, “The Compliance Costs of IRS Regulations, Tax Foundation Fiscal Fact No. 512, June 2016
https://files.taxfoundation.org/legacy/docs/TaxFoundation_FF512.pdf (accessed March 19, 2023).
ation for Economic Cooperation, he Multilateral Convention on Mutual Administrative Assistance
in Tax Matters: Amended by the 2010 Protocol, https://read.oecd-ilibrary.org/taxation/the-multilateralconvention-on-mutual-administrative-assistance-in-tax-matters_9789264115606-en#pagel (accessed March 20, 2023).