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IRS, Republicans
Republicans quietly cut IRS funding by $20 billion in bill to avert government shutdown
The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit
Congress stripped IRS of another $20 billion in government shutdown fight
Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.
Republicans strip IRS of another $20b in government shutdown fight
Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 billion as part of a 2023 budget deal.
Opinion
Republicans Quietly Axed IRS Funding Amid Government Shutdown Chaos
As Congress fought over the spending bill, Republicans snuck in a passage to gut funding for the IRS. And Democrats didn’t catch it.
With A Government Shutdown Deadline Looming, IRS Funding Hangs In The Balance
Without a vote by December 20, funding will run out for several government agencies. If Congress votes to extend current funding levels, the IRS could lose billions.
Republicans succeed in clawing back more IRS tax-cheat enforcement funds. For now.
The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.
4d
on MSN
Shutdown deal cost IRS $20 billion to probe for tax cheats, maybe for good
The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined ...
7d
How a U.S. government shutdown could have impacted your benefits and services
The U.S. government faced the threat of a shutdown if Congress didn't pass a spending bill before Dec. 21, 2024. Here's a ...
7d
on MSN
A Government Shutdown Could Cost the U.S. Economy $6 Billion a Week, According to EY's Chief Economist
"We estimate that each week of a government shutdown will cost the U.S. economy $6 billion," says EY Chief Economist Gregory ...
8d
on MSN
The U.S. government could shut down this weekend. Here’s what to know.
When would a federal shutdown start? Which parts of the government would shut down? Will payments to Social Security ...
9d
on MSN
Explainer-US government shutdown: What closes, what stays open?
U.S. government services would be disrupted and hundreds of thousands of federal workers would be told not to work if Congress fails to extend funding past Friday. Workers deemed essential would ...
7d
What a government shutdown will mean for you
Unless a spending bill can be passed by a midnight deadline, the government will shutdown in the early hours Saturday. Here’s ...
8d
What’s affected if the federal government shuts down? What we can VERIFY
Will airports and post offices remain open? We VERIFY what would be impacted during a partial government shutdown.
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