Natasha Sarin, Lawrence H. Summers:. Current moment is perhaps most important for U.S. tax administration since 19th century. They argue that the IRS is in greater danger of being under- rather than over-resourced. They offer five observations on the future of the IRS budget and how it should be shaped. Writers: Millions of returns filed during the pandemic still have not been processed.
Writers: An investment in the IRS could generate more than $1 trillion in additional tax revenue over a decade. Improvements in tax administration also promote fairness, they say. The writers argue that most Americans have most of their tax liability automatically withheld.