Why Treasury's Steven Mnuchin Wants a Stronger IRS

Why Treasury's Steven Mnuchin Wants a Stronger IRS
audit5

President Trump's Treasury secretary, Steven Mnuchin, knows that investing in the Internal Revenue Service yields significant returns — he said as much during his confirmation hearings. And he's right: Every dollar spent on the agency returns $4 in revenue for the federal government, and as much as $10 when invested in enforcement activities.

Mr. Mnuchin's boss doesn't seem to care, but he should. And not just because the I.R.S. more than pays for itself. Cutting funds for the I.R.S., which has already endured years of budget cuts, would make it impossible for the president to pay for things he says he cares about, including infrastructure, Social Security and the military.

Read Full Article »


Comment
Show comments Hide Comments


Related Articles

Market Overview
Search Stock Quotes