IRS at Risk of Losing $20B in Federal Funding

The IRS is at risk of losing $20 billion in funding without legislative intervention https://t.co/ToA5MX5JXE

— The Associated Press (@AP) November 27, 2024

The IRS just said it wants $20B more money.

Do you think it’s budget should be:

— Elon Musk (@elonmusk) November 27, 2024

Oh no! Not that, the IRS is at risk of losing $20B in federal funding. What will happen? Will they have to cut those 87K agents? What will we do? pic.twitter.com/jgZr2mf6TD

— Savannah (@BasedSavannah) November 27, 2024

Fuck the IRS. All my homies hate the IRS — pic.twitter.com/utRF5YxA2B

— JK Johnny (@_JohnnyJones) November 27, 2024

America right now! pic.twitter.com/ItaZh34XjP

— Andrew Young – TANSTAAFL Curmudgeon (@NucMM1retired) November 27, 2024

U.S. Treasury officials have confirmed that $20 billion in IRS enforcement funding is currently tied up in legislative language, effectively freezing the funds. Without legislative intervention, the IRS would face significant operational challenges, including a hiring freeze, fewer audits of wealthy individuals and large corporations, and an increase in the national deficit by $140 billion.

Sources:
https://www.msn.com/en-us/news/politics/the-irs-is-at-risk-of-losing-20-billion-in-funding-without-legislative-intervention/ar-AA1uO0ba

https://www.msn.com/en-us/money/taxes/irs-risks-losing-20-billion-under-donald-trump/ar-AA1uQzzi

https://justthenews.com/government/federal-agencies/irs-may-lose-20-billion-funding-without-congressional-action-treasury

https://www.marketbeat.com/articles/the-irs-is-at-risk-of-losing-20-billion-in-funding-without-legislative-intervention-2024-11-26/

https://apnews.com/article/irs-treasury-trump-funding-congress-be9ff95d284e127c7ba1ac44c769eefa

https://www.local10.com/business/2024/11/26/the-irs-is-at-risk-of-losing-20-billion-in-funding-without-legislative-intervention/
 

h/t Truther Speaks