Washington— House Republicans want to pay for emergency aid to Israel by cutting funding to the IRS, teeing up a collision with the White House and Democratic-controlled Senate over how to support a key U.S. ally. The House GOP released a $14.3 billion standalone measure on Monday that ...
Despite its gains, the future of the agency’s funding is in limbo. The IRS originally received an $80 billion infusion of funds under the Inflation Reduction Act though the 2023 debt ceiling and budget-cuts deal between Republicans and the White House resulted in $1.4 billion rescinded...
Singletary, Michelle
Despite its gains, the future of the agency’s funding is in limbo. The IRS originally received an $80-billion infusion of funds under the Inflation Reduction Act, though the 2023 debt-ceiling and budget-cuts deal between Republicans and the White House resulted in...
House GOP kicks off majority with vote to slash IRS fundingSpeaker of the House Kevin McCarthy, R-Calif., talks to reporters as he walks to the House chamber at the Capitol in Washington, Monday, Jan. 9, 2023. (AP Photo/Jose Luis Mag...
….Cutting the IRS funding by $345.6 million, which is $1.5 billion below the president’s requested levels…. [….] Yeah, that’s the ticket. Epically clueless. 12/16/2014 The War On The IRS: Congress Cuts Its Funding To Lowest Level Since 1998 ...
House Republicans' fiscal year 2025 proposal out of the Financial Services and General Government Subcommittee in Juneproposes further cuts to the IRS in 2025, and would cut funding to the Direct File program that is being expanded to allow Americans to file their taxes directly with the IRS. ...
Budget cuts at the Internal Revenue Service threaten the agency's effectiveness and have led to billions of dollars in lost tax revenue, new research from the Indiana University Kelley School of Business shows.
Will You Benefit From Trump Tax Cuts? Tax breaks were a big issue on the campaign trail, and Congress will be focusing on ways to cut taxes and prevent tax increases that are currently scheduled to take effect in 2026. Kimberly LankfordJan. 8, 2025 ...
Clinton administration, and University of Pennsylvania professor Natasha Sarin. The government estimates that each additional dollar spent on tax enforcement could yield more than $4 in revenue, and Democratic presidential candidates have made increasing IRS funding part of their agenda. –Wall Street ...