Abstract
While the final version of the 1986 Tax Reform Act retained budget funding of the IRS, the Senate proposal to finance spending from audit revenues represented a seriously debated alternative that continues to receive attention as a method for increasing enforcement. At one level, the ultimate failure of the proposal is puzzling. Given Congress's unwillingness to raise tax rates to cover spending, the budget deficits of the 1980s must be financed from some other source — inflation, borrowing or increased enforcement. Turning the IRS into a bounty-hunting agency would seem to be a straightforward way of producing extra revenue.
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