If finalized, the IRS budget cuts would mean the additional agency funding runs out faster, according to Alex Muresianu, a policy analyst at the Tax Foundation.
"But the IRS still has a very large funding increase relative to the baseline," he said. "So it's not like we're turning back the clock." The $80 billion IRS funding has been a hot-button political issue since its enactment, and repealing the money was a theme throughout the 2022 midterm elections in the fall.
The IRS still has a very large funding increase relative to the baseline, so it's not like we're turning back the clock.
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