Complete Story
06/13/2024
House GOP Proposes IRS Funding Cuts
They want to slash the IRS budget by $2.2 billion below FY24 levels
Last week, House Republicans proposed slashing the Internal Revenue Service (IRS) budget by $2.2 billion below FY24 levels and doing away with the free online tax filing system that the Treasury Department recently made permanent.
By the numbers: Under the proposed FY25 Financial Services and General Government appropriations bill, the IRS would be funded at $10.1 billion, or $2.2 billion below its current budget. In particular, the bill strips the agency’s enforcement funding by $2 billion.
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What they're saying: Rep. Dave Joyce (R-OH), who chairs the House Appropriations FSGG subcommittee, said the bill “reins in wasteful spending and takes steps to prevent agencies like the IRS from unfairly targeting hardworking Americans.”
Congressional Democrats blasted the proposed IRS funding cuts. “If Republicans have the opportunity, they will deprive law-abiding taxpayers of the choice to file their taxes for free with the IRS’s new direct file program by shutting it down before it expands nationwide,” said Senate Finance Committee Chairman Ron Wyden (D-OR).
This article was provided to OSAP by ASAE's Power of Associations and Inroads.
