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Article Summary
- The IRS is facing budget cuts under Donald Trump's administration
- The cuts are affecting the agency's ability to collect taxes and enforce tax laws
- The decrease in funding is contributing to a growing federal deficit
- The IRS is struggling to keep up with its workload due to the budget cuts
- The impact of the funding cuts on the IRS's operations and effectiveness Tone: critical of the budget cuts and their impact on the IRS's ability to function effectively
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The IRS Is About To Run Out Of Enforcement Money As Trump Plans More Budget Cuts. It Could Add $140 Billion To The National Deficit
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."
https://fortune.com/2024/11/26/irs-money-funding-d...
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