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Accountancy Slice
North America
Steve Ellis, president of Taxpayers for Common Sense, highlights the ongoing challenges facing the IRS, including a shrinking workforce and outdated technology. The recent budget proposal from President Donald Trump aims to cut the IRS budget from $11.2bn to $9.8bn, exacerbating existing issues. Ellis warns that "cutting IRS funds likely would increase the tax gap and deepen inequality between those who follow the rules and those who don't." The IRS has already lost 25,000 employees, complicating its ability to enforce tax laws effectively. The Congressional Budget Office has indicated that sustained investment in IRS enforcement could yield $180bn over a decade, emphasizing the need for adequate funding to ensure fairness in the tax system.
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