Yellen's estimate resembles the conclusion a 2019 paper (pdf) that found, "Between 2020 and 2029, the IRS will fail to collect nearly $7.5 trillion of taxes it is due.".
Pass my Stop CHEATERS Act and audit the ultra-rich.".
The White House believes the new IRS funding would increase federal revenue by a net $700 billion over 10 years.
"Imagine what we could do for people with $7 trillion," added Rep. Pramila Jayapal (D-Wash.), chair of the Congressional Progressive Caucus.
"That's infrastructure, child care, paid leave, free college, climate action, and other investments in our communities.".
), Senate Majority Leader Chuck Schumer (D-N.Y.), and other Democratic lawmakers—would cost about $1 trillion.
Making public colleges and universities tuition-free would cost $800 billion over ten years. »