Excerpt from Don't Mess with Taxes: (click for entire article)
As Washington, D.C., continues to struggle with reconciling the federal deficit and operating budgets, no agency is immune, including the one charged with bringing in Uncle Sam's money.
But, warned IRS Commissioner Douglas Shulman, budget cuts to his agency would be counterproductive. In fact, the commish told a Senate panel Wednesday, June 8, that cuts to the IRS budget would actually increase the federal deficit.
The White House budget calls for the IRS to receive around $13.3 billion in fiscal 2012. Congress has not set a specific number for the IRS to receive next fiscal year, but a resolution approved earlier this year proposes a $2 billion cut from several agencies. The IRS would take the biggest hit.
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June 13, 2011
IRS budget cuts would increase the federal deficit
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