The fantasy that some political actors painted of armed IRS agents going door-to-door clawing away families’ hard-earned cash ...
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 ...
Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.
The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit.
Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...
To avoid a government shutdown, the IRS lost out on $20 billion in funding, limiting its ability to track down tax dodgers.
For a brief moment, the IRS had the full breadth of resources it ... this goal in part due to their own inability to negotiate a budget, as these are concessions that Democrats made in order ...
For a brief moment, the IRS had the full breadth of resources it needed to investigate wealthy tax cheats, courtesy of President Joe Biden’s Inflation Reduction Act. Now, most of this funding, ...
The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.
Amid the chaos of the shutdown fight, Republicans snuck in a passage to gut funding for the IRS. And Democrats didn’t catch ...