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IRS may lose $20 billion in funding without congressional action, Treasury officials warn
[JustTheNews] ”If they don’t get that $20 billion that is at risk they would run out of enforcement money at the current pace sometime in fiscal year 2025,” Treasury Deputy Secretary Wally Adeyemo said.Treasury Deputy Secretary Wally Adeyemo said Tuesday that the national deficit would increase by $140 billion if another $20 billion is taken from the IRS budget. He also said the agency would have to go on a hiring freeze and there would be 2,000 fewer audits of large corporations, as well as 6,000 fewer audits of wealthy individuals. Some dirt poor individuals would be happier without their annual audit. Related: Wally Adeyemo 10/22/2024 US official: PA has met Israeli requirements for Smotrich to extend corresponding banking deal Wally Adeyemo 04/20/2024 US imposes sanctions on two Israeli entities Wally Adeyemo 10/19/2023 $6B Prisoner Swap Was ‘Just a Drop in the Bucket' for Iran. Here's How Much Tehran Has Raked in Under Biden. Related: IRS: 2024-11-26 'At the Edge of the Abyss'. Premiere IRS: 2024-11-22 Momentum Builds in Canada to Kick Mexico Out of North America Trade Deal IRS: 2024-11-20 Florida FEMA scandal exposes unaccountable bureaucracy that Trump targets for reform and cuts Posted by: Skidmark 2024-11-27 |
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