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National News

Biden’s Policy Aids IRS in Collecting $851B from Ultra-Wealthy

TL/DR - The Internal Revenue Service (IRS) is set to collect hundreds of billions of dollars of additional tax revenue from the outstanding and overdue taxes of the ultra-wealthy, funded by President Biden's Inflation Reduction Act. The Treasury Department and the IRS estimate that tax revenues will rise by up to $561 billion from 2024 to 2034…