During a recent hearing, Treasury Secretary Scott Bessent defended the Biden administration's proposed $2.5 billion cut to the IRS, despite some Republican skepticism. This cut, part of a series of budget reductions, follows significant funding from the Inflation Reduction Act. Bessent emphasized the need for IT modernization at the IRS, citing previous waste of taxpayer funds. The agency's workforce has already reduced by 11%, with plans to potentially cut up to 40%. The hearing raised questions about the future efficiency and functionality of the IRS amid these cuts.
The IRS is 30 years behind on an IT modernization project where up to $50 billion of taxpayer money has been wasted. We are rightsizing that.
Congress has been pulling back money from the IRS... somewhere in the range of about $41.7 billion.
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