Former President Barack Obama tapped Werfel to serve as interim IRS commissioner in 2013 in response to the controversy surrounding the department’s targeting of conservative nonprofit organizations. Prior to that, he oversaw the Bush administration’s implementation of 2008’s Emergency Economic Stabilization Act and most recently helped launch Boston Consulting Group’s U.S. public sector practice.
His intended nomination comes after Biden critics attacked the $80 billion in new funding included in the Inflation Reduction Act to hire thousands of new IRS employees as a means of raising tax revenue, claiming the administration would use them to audit middle-class families.
Biden himself has stated that no household earning less than $400,000 per year will be adversely affected by his economic proposals.
Following the midterm elections, the president has vowed to increase his efforts to fight inflation and extended an olive branch to congressional Republicans on the issue after he returns from a weeklong trip to North Africa and Asia.
“I will work with anyone, Democrat or Republican, on ideas to provide more breathing room to middle-class and working families,” he said in a statement reacting to Thursday’s new inflation numbers. “I will oppose any effort to undo my agenda or to make inflation worse. We are on the right path — we need to keep moving forward to build an economy from the bottom up and the middle out.”