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U.S. Treasury White Paper Finds Inflation Reduction Act Investments May Increase Revenue Up to USD 851 Billion Over 10 Years

13 February 2024

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United States

The U.S. Department of the Treasury has announced the release of a white paper, Return on Investment: Re-Examining Revenue Estimates for IRS Funding, which looks at revenue increases resulting from investments in the IRS under the Inflation Reduction Act (IRA). The paper finds that previous estimates did not present a complete picture of the revenue benefits of investment benefits IRA Strategic Operating Plan (SOP). By providing a broader perspective, revenue estimates are increased from a previous estimate of USD 390 billion through 2034 to as much as USD 851 billion. --- U.S. Department of the Treasury, IRS Release New Analysis...