A Big Week in Funding
Congress is turning its attention toward funding the Treasury Department and IRS this week.
The White House’s budget request from earlier this month called for a $1.4 billion cut to the IRS. House Republicans released their own bill last week, which sets fiscal year 2027 funding for the agency at $10.2 billion, less than this fiscal year’s funding level of $11.2 billion.
Democrats and critics argue the agency is underfunded and needs more personnel to conduct audits on large companies and the wealthy. Republicans, meanwhile, have argued that technology, such as artificial intelligence, will ...