Category: CORPORATE COLLABORATORS

Privatizing the IRS

CHRISTOPHER BRAUCHLI—Those interested in collecting past due debts might find themselves leery of giving such a failed effort a second chance. Proving that “once bitten, twice shy” does not apply to Congress, however, the program was re-introduced again in 2004 as part of the American Jobs Creation Act. According to projections at the time that Act was passed, and contrary to empirical evidence from less than 10 years earlier, its Congressional supporters said that the PCAs would collect $1.3 billion and receive commissions of $350 million. It was, so the Congress believed, a sure fire winner.

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