Warren, Chu Say IRS Must ‘Take On Wealthy Tax Cheats’’
On Wednesday, Sen. Elizabeth Warren and Rep. Judy Chu demanded the IRS halt its disproportionate targeting of low-income Americans.
They asked the agency to instead focus its attention and resources on “wealthy tax cheats.”
The Democratic lawmakers said the agency’s ability to pursue tax-avoiding wealthy individuals and large corporations is constrained by budget shortfalls.
That stems from years of Republican-imposed cuts, they wrote in a letter to IRS Commissioner Charles Rettig, a Trump appointee.
Warren and Chu expressed outrage that the IRS has for years used its limited staffing and budget to audit the poor at roughly the same rate as members of the top 1%.
A recent study by two IRS researchers estimated the richest 1% of U.S. households don’t report 21% of their income.
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