IRS says it has clawed back $1 billion from millionaire tax cheats
CBSN
The IRS said Thursday that its plan to crack down on wealthy tax cheats is paying off, with the agency collecting more than $1 billion since targeting high-income earners who owe the government money.
The joint announcement with the U.S. Treasury Department is meant to highlight that the IRS' $80 billion in funding from the 2022 Inflation Reduction Act is helping to recoup revenue for the nation's coffers.
Some Republican lawmakers had falsely claimed that the funding would be used to hire 87,000 new IRS agents to "to audit Walmart shoppers." But the IRS has said the new funding is being used to hire customer service agents to answer more calls and improve its technology after the pandemic shuttered its offices and caused years of processing delays and snarls.
