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Yo_Mama_Been_Loggin

(116,521 posts)
Thu Dec 26, 2024, 03:19 PM 23 hrs ago

Republicans strip IRS of another $20 billion in government shutdown fight

Congress revoked an additional $20 billion from the Internal Revenue Service last week when lawmakers averted a government shutdown, a cut that may undo many of President Joe Biden’s efforts to improve customer service at the tax agency and train fresh scrutiny on wealthy tax cheats.

Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 billion as part of a 2023 budget deal. Shortly afterward, Republicans vowed they’d be back for more IRS cuts.

And because of the way lawmakers extended government funding into March, an additional $20 billion in cuts came automatically.

When Congress approved a stopgap funding bill, called a continuing resolution, all the existing policy from the previous fiscal year was carried forward unless new text was specifically added to the bill to change it. There was no language in the bill to undo last year’s cut, so it repeated in the new law.

https://www.yahoo.com/news/republicans-strip-irs-another-20-152643102.html

Republicans defunding the police.

8 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Republicans strip IRS of another $20 billion in government shutdown fight (Original Post) Yo_Mama_Been_Loggin 23 hrs ago OP
And defunding the people who bring in the revenue. Nt spooky3 23 hrs ago #1
Won't be enough money to audit rich people. Irish_Dem 23 hrs ago #2
This message was self-deleted by its author Chin music 22 hrs ago #3
Flat tax. But start at 75K at 10 percent and go up. jimfields33 22 hrs ago #5
This message was self-deleted by its author Chin music 22 hrs ago #6
It sells politically, but it's stupid on so many levels. surfered 22 hrs ago #4
I just don't understand The Madcap 22 hrs ago #7
This message was self-deleted by its author Chin music 21 hrs ago #8

Irish_Dem

(59,741 posts)
2. Won't be enough money to audit rich people.
Thu Dec 26, 2024, 03:23 PM
23 hrs ago

Only enough money to audit the middle class.

Response to Irish_Dem (Reply #2)

jimfields33

(19,320 posts)
5. Flat tax. But start at 75K at 10 percent and go up.
Thu Dec 26, 2024, 04:00 PM
22 hrs ago

This is an easy solution and will get us more revenue without hurting the lower incomes.

Response to jimfields33 (Reply #5)

surfered

(3,748 posts)
4. It sells politically, but it's stupid on so many levels.
Thu Dec 26, 2024, 03:42 PM
22 hrs ago

We want efficiency, accuracy, and assistance from the IRS, but we won’t fund it. We could prepare our returns online, is we’d fund it. Our tax system relies on voluntary compliance with that fear of an audit, but that falls apart without funding audits.

The Madcap

(597 posts)
7. I just don't understand
Thu Dec 26, 2024, 04:18 PM
22 hrs ago

Why we aren't looking very hard at the revenue side of the deficit. Most of the policies to come look like they are going to hit tax revenues substantially. It's not going to help reduce the deficit.

Response to The Madcap (Reply #7)

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