President Joe Biden’s nominee to run the Internal Revenue service pledged on Wednesday not to raise tax audit rates for U.S. households and small businesses earning less than $400,000 a year as the agency implements $80 billion in new funding for tax compliance. Danny Werfel, a management consultant who was acting IRS commissioner during the Obama administration, told the Senate Finance Committee he was "committed to meeting" Treasury Secretary Janet Yellen’s directive to not increase the proportion of audits for those earning under $400,000 beyond historical levels.
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