Biden Ties More IRS Money to Fiscal-Responsibility Argument

Biden Ties More IRS Money to Fiscal-Responsibility Argument. Treasury Secretary Janet Yellen. (SHELBY TAUBER/REUTERS) President Biden wrapped his support for tougher tax …

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The IRS Is Set To Get Billions For Audit Enforcement. Here’s What It ...

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Aug 11, 2022 · The IRS received nearly $12.6 billion for fiscal year 2022. The new funding would result in a more than 50% increase in IRS funding adjusted for inflation, Holtzblatt said.

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Would Increased Funding For The IRS Narrow The Tax Gap?

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Dec 7, 2023 · The Inflation Reduction Act, which became law in August 2022, includes a provision that increased the budget for the Internal Revenue Service (IRS) by $80 billion over 10 …

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IRS Funding Cuts Accelerated In FY 2024 $1.6T Spending Deal

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Jan 9, 2024 · Last summer, Biden and then-Speaker Mike McCarthy struck a hand-shake deal to redirect portions of the once-$80 billion appropriation to the IRS under the Inflation Reduction …

thomsonreuters.com

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Empowering The IRS: Understanding The Full Potential Of The …

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Feb 8, 2024 · In fact, the IRS budget decreased from $15.1 billion to $12.4 billion between fiscal years 2010 and 2021 after accounting for inflation—an 18 percent decline. During the same …

whitehouse.gov

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FACT SHEET: The President’s Budget For Fiscal Year 2025

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Mar 11, 2024 · The Budget continues this commitment and includes $24.5 billion for the TEF in 2025, through funds appropriated by the Fiscal Responsibility Act, which is $19.5 billion above …

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The Macroeconomic Implications Of Biden’s $1.9 Trillion Fiscal …

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Jan 28, 2021 · Our GDP projection given enactment of the $1.9 trillion fiscal aid package shows an economy outpacing its pre-pandemic projected path in 2021 and 2022, and then smoothly …

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FACT SHEET: President Biden Is Fighting To Reduce The Deficit, Cut ...

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Mar 7, 2024 · The IRS has used this funding to collect more than $500 million in unpaid taxes from fewer than 2,000 delinquent millionaires, launch enforcement action against 25,000 …

whitehouse.gov