Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.

Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...

The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit.

As Congress fought over the spending bill, Republicans snuck in a passage to gut funding for the IRS. And Democrats didn’t ...

Republicans have long targeted the tax agency, and their cuts will hurt its efforts to go after rich tax evaders and improve the IRS’s functionality. It’s their second successful cut from President ...

To avoid a government shutdown, the IRS lost out on $20 billion in funding, limiting its ability to track down tax dodgers.

WASHINGTON -- Congress stripped the IRS of an additional $20 billion last week when averting the government shutdown. Originally, congressional Democrats had given the IRS $80 billion in the 2022 ...

Congressional Democrats had hoped to preserve the IRS’s resources during innumerable rounds of negotiations around the government shutdown, Rep. Rosa DeLauro (Connecticut), the top Democrat on ...

Without a vote by December 20, funding will run out for several government agencies. If Congress votes to extend current funding levels, the IRS could lose billions.

The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.