Obama seeks to double tax law enforcement budget
WASHINGTON (Reuters) - President Barack Obama proposed on Thursday nearly doubling funds to enforce U.S. tax laws next year, with an aim of more than quadrupling funding for tax compliance to $2.1 billion within five years.
The budget plan seeks $12.1 billion for the Internal Revenue Service, responsible for collecting and enforcing individual and corporate tax laws, for fiscal 2010, which begins October 1. That amounts to a roughly 5.2 percent increase over the IRS budget for 2009, which was $11.5 billion.
The budget proposal, which must be approved by Congress, includes a $890 million request to boost tax enforcement, including in the international arena, an increase of $400 million from 2009.
This must have the entire Obama cabinet waking up at night in a cold sweat.
On a related note, check out his video at my friend Stormin's blog if you want to see something that will really piss you off. Especially watch the short video at the bottom, and catch the woman from MSNBC praising Obama for attempting to keep the GOP from protecting tax cheats. The hypocrisy is incredible.