BIDEN TO INCREASE TAX AUDITS; MAY TARGET SMALL BUSINESSES - The president’s plan to scrutinize the tax returns of the wealthy may also target small businesses.

President Joe Biden announced a plan to increase the Internal Revenue Service’s funding by $80 billion over the next decade.

The additional funding would be invested in staffing and technology for enforcement and tax collection, which would bring in an estimated $700 billion over the next 10 year...