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IRS funding cut won't hurt near-term tax collection, officials say

Published 05/28/2023, 07:49 PM
Updated 05/28/2023, 08:25 PM
© Reuters. FILE PHOTO: The Internal Revenue Service (IRS) building is seen in Washington, U.S. September 28, 2020. REUTERS/Erin Scott//File Photo

WASHINGTON (Reuters) - The budget deal struck by President Joe Biden and House Speaker Kevin McCarthy to end a debt-limit crisis should not change the short-term abilities of tax collectors, according to White House officials.

The deal would shift $10 billion each in fiscal years 2024 and 2025 in funding away the Internal Revenue Service, but officials believe the IRS can make due in the near term since they were funded over a 10-year period. They may need to seek more funding from Congress for future years, one of the officials said.

The text of the House of Representatives legislation released on Sunday showed the deal would take back just $1 billion from the IRS, but the White House agreed to the additional cuts as part of the appropriations process that will take place over the next two years.

Latest comments

Vote for your master, tax slaves.
In other words, democrats were lying that the IRS additions were useful/necessary.
They weren't lying. You were misinformed. The amount originally earmarked was for a span of 10 years.
In other words, democrats were lying and trying to waste taxpayer money to hire more IRS employees that were not necessary.
They all lie Democrats and Republicans
They are a nightmare for everyone. save America - vote against a republican.
you must be still on the tit and 30 years old living with Momma
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