Democrats broke the cycle with the 2022 Inflation Reduction Act signed by President Joe Biden. The law, which passed both the ...
The New Republic on MSN12d
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 ...
Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...
Salon on MSN11d
Republicans quietly cut IRS funding by $20 billion in bill to avert government shutdownThe GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit.
Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.
1hon MSN
As Republicans take power, they’re trying to figure out what happens when Donald Trump changes his mind on legislative ...
Senate Republicans, waiting for their House counterparts to figure out their strategy on border security and tax reform, are ...
We’ve been told all our lives that America is a land of equal opportunity. We’ve been told that everyone has an equal chance of getting ahead — of landing a good job, making decent money, having a ...
See: IRS says it has recovered $4.7 billion in unpaid taxes. Republicans want to cut enforcement funding. Also: Trump’s pick for IRS chief would lead an agency he once wanted to scrap.
In this episode of Tax Notes Talk, Tax Analysts Chief Operating Officer Jeremy Scott reviews the 2024 developments in U.S. tax legislation and speculates what may lie ahead in 2025.
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