A short-staffed IRS may struggle to process returns in a timely way. Taxpayers may find it harder to get advice or filing assistance. And the potential loss of expertise in information technology and cybersecurity could put both agency efficiency and taxpayer information at risk.

With the establishment of the Department of Government Efficiency, Treasury and the IRS should take this opportunity to brag: Their research and development (R&D) have led to improvements in taxpayer service and administrative efficiency.

As policymakers look for ways to address large and persistent federal deficits, shoring up the estate tax should be under consideration. It could generate more federal revenue, boost taxpayer equity, and improve economic mobility.   

New research suggests the TCJA’s estate tax provisions warrant special attention and reveal a unique opportunity for policymakers.