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The agency desperately needed this cash infusion. Its funding had been whittled down over the years, leaving it a shell of its former self and struggling to perform basic functions.
For instance, IRS staffing today is almost 20 percent below its levels in 2010, even though the U.S. population has grown, the tax code has become more complex and ever more responsibilities have been dumped on the agency. As a result, service has deteriorated and tax dodgers have been allowed to roam free. A decade ago, 93 percent of companies with at least $20 billion in assets were subject to audit; by 2020, that share had plummeted to 38 percent, according to Syracuse University’s Transactional Records Access Clearinghouse.
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