IRS Could Lose Another $20 Billion in Funding
SOURCE: Kiplinger
The clock is ticking. If Congress doesn’t act soon, the IRS could lose another $20 billion in funds allocated for key enforcement programs next year.
U.S. Treasury officials are urging lawmakers to unlock the funds during year-end budget negotiations before President Biden’s term concludes. The funds are part of the original $80 billion monetary infusion the IRS received under the Inflation Reduction Act (IRA). That figure has since shrunk to about $59 billion due to budget cuts.
Read the full article here