Grassley: IRS/Treasury Ideas for Closing Tax Gap are Helpful, Will Require Follow-through
Sen. Chuck Grassley, ranking member of the Committee on Finance, today made the following comment on a report from the Internal Revenue Service (IRS) and the Treasury Department, “Reducing the Federal Tax Gap.”
“This provides a good beginning to addressing a problem that’s hurt our nation's finances for decades. I appreciate the Administration’s efforts. It’s good that the report tries to preserve the balance of providing taxpayers good service while targeting enforcement at those who choose to disregard our nation’s tax laws. Now begins the hard work of making it all happen. That burden falls on the IRS, Treasury, and Justice, as well as the Congress. Too often, I’ve seen the best of intentions run into the brick wall of reality. Congress needs to conduct close oversight of the implementation of today’s report. Congress also needs to do its part and act on the legislative proposals in the President’s budget that will help in closing the tax gap and work with Treasury on future efforts to simplify the tax code.”
###
Next Article Previous Article
Recent News
- Wyden Announces Finance Committee Hearing on Pharmacy Benefit Managers and the Prescription Drug Supply Chain
- Wyden Hearing Statement at Finance Committee Hearing on the President’s Trade Agenda
- Wyden Statement on HRSA Announcement Breaking Up Monopoly Contract for Organ Procurement Oversight
- Wyden Hearing Statement at Finance Committee Hearing on the HHS Budget Proposal
- Wyden, Grassley, Cardin, Young Raise Alarm Over Dramatic Increase in Pancreata Procurement
