Paul Krugman | Should Only the Little People Pay Taxes? – The New York Times

Opinion Columnist

“I yield to no one when it comes to cynicism about politicians who see tax cuts for the rich as the answer to every problem. Indeed, the claim that tax cuts can perform magic is a prime case of a zombie idea — an idea kept alive, despite overwhelming evidence against it, because its survival serves the interests of wealthy donors.

Yet even I was caught by surprise when Republicans negotiating over a possible infrastructure bill ruled out paying for it in part by giving the Internal Revenue Service more resources to go after tax evasion.

This is a big deal. The Treasury Department believes that there is a “tax gap,” taxes owed but not paid, of more than $500 billion every year; some estimates put the number much higher. And the Biden administration proposes giving the I.R.S. enough resources to reduce this gap as a way to help pay for investment in America’s future.

But if the administration goes this route, it will apparently do so with little, if any, Republican support.”