IRS Faces Tough Tax Filing Season, Treasury Says

The video discusses the challenges faced by the IRS during the tax filing season, including backlogs due to the pandemic and underfunding. It highlights the importance of filing taxes online for quicker refunds and accuracy. The video also covers the proposed $80 billion funding for the IRS, focusing on enforcement, services, and technology improvements. Additionally, it touches on the economic outlook for 2022, emphasizing the role of the Federal Reserve and the need to expand the labor market.

What is the significance of the proposed $80 billion infusion for the IRS?

What steps is the administration taking to expand the capacity of the US economy?