Republicans sought unsuccessfully to slash tens of billions in IRS funding from the law.
US Treasury Secretary Janet Yellen on Sunday said rebuilding the Internal Revenue Service would be one of her top priorities in coming years, putting her squarely at odds with Republicans who have taken control of the House of Representatives.
Yellen lobbied hard for the extra funding to help the IRS deal with what she called massive problems, including a “huge backlog” in working through tax returns, and lack of personnel to carry out complicated audits of higher-earning taxpayers. Yellen is staying with the Biden administration after speculation that she would step aside mid-way before the end of his 4-year term.Yellen, 76, conceded that the split Congress reduced the chances of passing legislation to advance Biden’s agenda, but said she still enjoyed the job.
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