This week, President Barack Obama submitted his version of the fiscal budget to Congress for consideration. In the document, the White House is asking for big increases to the IRS budget.
Under the terms of the proposal, the IRS would get an additional 5,100 agents in 2012, as a means to step up tax collection and fight the growing federal deficit.
In addition, the proposal would also be aimed at closing the $300 billion tax gap, the difference between what the IRS collects and what it believes the federal government is owed. As a result, the administration is advocating to increase the IRS budget in 2012 by 9.4 percent, to $13.28 billion, The Wall Street Journal reports. This would bring the agency's employee total to roughly 100,537, an increase of 5 percent.
If approved, the agency's budget in 2010 would be $460 million more than it was the previous year, the news source says.
Republican lawmakers recently submitted their version of the federal budget; however, under their proposal, scientific research, high-speed rail and the IRS would all face steep budget cuts in the coming year.
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