WASHINGTON -- Congress stripped the IRS of an additional $20 billion last week when averting the government shutdown. Originally, congressional Democrats had given the IRS $80 billion in the 2022 ...
The Biden administration said these cuts could add $140 billion to national debt over the next decade by weakening the IRS's ability to catch wealthy tax evaders.
Bench, a Canada-based accounting startup that offered software-as-a-service for small and medium-sized businesses, has ...
The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit ...
Republicans in Congress have helped axe a critical State Department agency, just as Donald Trump is set to take office.
Congress revoked an additional $20 billion from the Internal Revenue Service last week when lawmakers averted a government ...
Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...
As Congress fought over the spending bill, Republicans snuck in a passage to gut funding for the IRS. And Democrats didn’t ...
The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.