1 min read

Season 3, Episode 186

IRS: $80 billion funding increase may net $560 billion in new revenue

NTEU

 

Guest Name:

Tony Reardon

Guest Website:

www.nteu.org

Guest Social Media:

Facebook

Twitter

YouTube

LinkedIn

Mentions:

National Treasury Employees Union (NTEU) National President Tony Reardon joined the America’s Work Force Union Podcast and explained how an $80 billion funding increase to the Internal Revenue Service (IRS) through the Inflation Reduction Act will positively impact IRS services and improve revenue from tax collections.

The NTEU represents over 150,000 federal employees in 34 federal agencies, including the IRS.

Reardon quoted IRS Commissioner Charles Rettig, who said for every $1 invested in the IRS, there is a return of $6 or $7. This means the funding could create an additional net revenue of $560 billion. He explained how the new funds will be used to hire more IRS employees to enforce tax laws and expand services to taxpayers.

Reardon also spoke about what he called dangerous rhetoric and misinformation echoed by certain politicians in response to the increase in IRS funding. He feels this rhetoric has made federal employees feel unsafe, which is why he sent letters to the federal agencies the NTEU represents in order to request security reviews to keep his members safe.

Listen to the entire episode to learn more about these topics.


America’s Work Force is the only daily labor podcast in the US and has been on the air since 1993, supplying listeners with useful, relevant input into their daily lives through fact-finding features, in-depth interviews, informative news segments and practical consumer reports. America’s Work Force is committed to providing an accessible venue in which America's workers and their families can hear discussion on important, relevant topics such as employment, healthcare, legislative action, labor-management relations, corporate practices, finances, local and national politics, consumer reports and labor issues.

America’s Work Force Union Podcast is brought to you in part by our sponsors American Federation of Government Employees, AFL-CIO, Communication Workers of America, Heat and Frost Insulators and Allied Workers, International Association of Machinists and Aerospace Workers, International Union of Painters and Allied Trades District Council 6, Kelley & Ferraro, LLP, & Labor Citizen magazine, Laborers International Union of North America, North Coast Area Labor Federation, Maritime Trades Department, Ohio Federation of Teachers-American Federation of Teachers, United Auto Workers, United Labor Agency, United Steelworkers.

SUBSCRIBE ON:

Group 342

Group 341

Group 398

Group 343

Group 339

Group 338

Group 397

 

Inflation Reduction Act provides strong labor protections for workers

Central Iowa Building and Construction Trades Council Executive Director Samantha Groark  joined the America’s Work Force Union Podcast and...

Read More

Construction of U.S. manufacturing facilities soar by 116 percent

The Alliance for American Manufacturing (AAM) President Scott Paul joined the America’s Work Force Union Podcast and discussed a July report by...

Read More

Townsend: Iowa’s anti-worker legislation exacerbates worker shortages

The International Brotherhood of Electrical Workers (IBEW) Local 704 Business Manager Tom Townsend joined the America’s Work Force Union Podcast and...

Read More