In a statement, Neal pointed to his proposal’s inclusion of funding for the IRS and called it a “substantial investment” in eliminating the gap between what taxpayers owe the IRS and what they pay. Neal also said he continued to work with the administration on issues related to tax enforcement. It is also unclear how much support the bank reporting requirements have among the House Democratic Caucus, which could limit Neal’s ability to include it in the tax package.

Source: Washington Post September 15, 2021 17:10 UTC