Abrupt, DOGE-directed staff cuts at the agency have sparked fears that U.S. tax revenue could plummet by 10 percent, or $500 billion, this spring, reported The Washington Post.
“The idea of doing that in one year, it’s hard to grapple with how meaningful of a shift that represents,” Natasha Sarin, president of the Yale Budget Lab and a senior Biden administration tax official, told the Post.
So far, DOGE has fired more than 11,000 IRS employees and lost two agency commissioners, both of whom stepped down since Trump was inaugurated. That’s forced the agency to quickly reimagine how it allocates its resources: in order to keep its core functions operating, the agency has dropped investigations into high-valued corporations and taxpayers, several IRS staffers involved in the matter told the Post.
The transition hasn’t been too noticeable this tax season so far, Timur Taluy, CEO of tax-prep service FileYourTaxes.com, told the Post. So far, IRS data shows a roughly eight percent drop in representative availability on the IRS helpline compared to last year—a small indicator of the forthcoming changes. But IRS specialists argue that more changes are on the way.
“We tried to make clear this is a logistics operation. There’s a science to it. If you put 30 people on the line, this is how much you can accomplish today. If you put 15 people on the line, you can accomplish half of that,” a source that was involved in warning the Trump transition team about the planned IRS changes told the Post. “You can change the productivity over time with a smaller input of personnel, but not this filing season. This is where we are today.”
Read More Details
Finally We wish PressBee provided you with enough information of ( IRS Braces for Huge Revenue Hit Thanks to Elon Musk’s DOGE )
Also on site :