It was the news that launched a thousand fears (and maybe even more conspiracy theories): The Inflation Reduction Act set aside $80 billion for the IRS, including for tens of thousands of new agents. But while regular taxpayers are digging through their receipts in anticipation of more audits, the IRS might NOT be capable of handling this major bump in their budget. The Tax Foundation's Scott Hodge has a new piece on CNBC outlining why.

See omnystudio.com/listener for privacy information.