Democrats broke the cycle with the 2022 Inflation Reduction Act signed by President Joe Biden. The law, which passed both the ...
The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit.
The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined ...
1don MSNOpinion
Donald Trump's election with Republican majorities in Congress likely means less funding for tax enforcement. That will hurt ...
Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...
Republicans have long targeted the tax agency, and their cuts will hurt its efforts to go after rich tax evaders and improve the IRS’s functionality. It’s their second successful cut from President ...
Extending all of the 2017 tax law could add close to $5 trillion to the national debt. To offset the cost, Trump and ...
The New Republic on MSN8d
Republicans Quietly Axed IRS Funding While No One Was LookingAmid the chaos of the shutdown fight, Republicans snuck in a passage to gut funding for the IRS. And Democrats didn’t catch ...
The battle over enhanced funding for the IRS took a new twist in December as Republican lawmakers set up another $20 billion ...
Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.
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