President Joe Biden’s Treasury Department is sounding the alarm and warning that it may not have the resources to handle 2021 filings.
The IRS has delayed tax deadlines in both 2020 and 2021 due to the COVID-19 pandemic, and current staffers are now complaining of a lack of funding and other resources ahead of this tax season. Watchdog groups also told Americans to expect delays in receiving their tax refunds.
“Things might be more challenging even than what we anticipate — and what we anticipate is very, very challenging,” one Treasury official said.
A tax disaster would only be the latest bad news on Biden’s plate in recent weeks. The President is suffering from record-low approval ratings on the one-year anniversary of his inauguration. Biden’s legislative agenda is dead in the water in Congress, with members of his own party arguing against the spending in his Build Back Better Act as well as his hope to federalize election laws.
Biden’s recent push to put an end to the filibuster also hit a wall thanks to Democratic Sens. Kyrsten Sinema of Arizona and Joe Manchin of West Virginia.
Last week SCOTUS struck down Biden’s attempt to force large companies to impose a vaccine-or-test requirement on their workers. The Biden administration had sought to apply the mandate to any company with more than 100 employees, but the 6-3 majority ruling limited its scope to the healthcare industry.
Nevertheless, Biden claimed during his White House press conference on Wednesday that the first year of his presidency has gone better than anyone expected.
“I didn’t overpromise,” Biden said. “I have probably outperformed what anybody thought would happen.”
“Everything’s changing. It’s getting better. Look, I didn’t overpromise, but I think if you take a look at what we’ve been able to do, you’d have to acknowledge we made enormous progress,” he added.