Saturday, February 8, 2025

More cheating is allowed now

 

This goes back to December 2024, but the IRS keeps getting the budget increase it got to catch more cheating cut. So the cheating will continue.

Congress stripped IRS of another $20 billion in government shutdown fight

"Congress revoked an additional $20 billion from the Internal Revenue Service last week when lawmakers averted a government shutdown, a cut that may undo many of President Joe Biden’s efforts to improve customer service at the tax agency and train fresh scrutiny on wealthy tax cheats.

Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 billion as part of a 2023 budget deal. Shortly afterward, Republicans vowed they’d be back for more IRS cuts.

And because of the way lawmakers extended government funding into March, an additional $20 billion in cuts came automatically."
What's the effect?
"But Biden administration officials said the additional cuts would add $140 billion to the national debt over the next decade by hamstringing the agency’s ability to audit wealthy individuals and large corporations."
Not exactly cost-saving if that turns out to be accurate.




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