President Biden wants to increase the capital gains tax. Former IRS commissioners Charles Rossotti and Fred Goldberg say the administration should also go after tax cheats. They've got a plan to fix the tax gap, and we'll hear it.
Charles Rossotti, former IRS commissioner under Bill Clinton and George W. Bush between 1997 and 2002.
Fred Goldberg, former IRS commissioner under President George H.W. Bush between 1989 and 1992.
Tom Bishop, former IRS Criminal Investigations special agent who spent over 25 years at the department.
From The Reading List
New York Times: "We Ran the Treasury Department. This Is How to Fix Tax Evasion." — "Six hundred billion dollars per year, and growing: That is two-thirds of total nondefense discretionary spending by the federal government, about what is spent on defense operations, military personnel and procurement, and more than mandatory federal expenditures on Medicaid."
Washington Post: "Opinion: Five former IRS commissioners: Biden’s proposal would create a fairer tax system" — "As former IRS commissioners, we know the challenges of administering the tax system, which has grown in size and complexity, particularly in recent years."
Financial Times: "Joe Biden’s best bet is to close the federal tax gap" — "President Joe Biden needs to raise tax revenues to help pay for his 'build back better' plan to revive the US economy after the pandemic."
This program aired on June 15, 2021.