Biden IRS Nominee Werfel Pledges No Audit Rate Increase for Households Earning Under $400,000

Daniel Werfel, President Joe Biden’s nominee to be the next commissioner of the IRS, told members of the U.S. Senate Finance Committee on Feb. 15 that if confirmed he wouldn’t expand tax audits on businesses and households making less than $400,000 per year.
With $80 billion in additional funds as part of the Inflation Reduction Act, Republican and Democratic lawmakers agreed that restoring the credibility of the tax-collecting agency was paramount under Werfel’s potential leadership.
But there was disagreement on both sides of the increase regarding the methods of achieving this objective.
In recent years, multiple surveys have highlighted Americans’ disapproval and distrust of the IRS and other federal government agencies. In addition, other polls have revealed taxpayers’ concerns that the organization will bolster the number of audits each year….}