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If there was ever a nasty mob that needed to be downsized or, dare I say, eliminated, it is the IRS! Get a load of this! The nation's capital is buzzing about an unexpected event that may give taxpayers holiday cheer. Legislators' indecision threatens the IRS's $20 billion budget. If Congress doesn't act, enforcement funds might freeze, affecting the agency's operations and goals.

The IRS faces several budgetary challenges, including funding difficulties. The federal tax agency, known as the Infernal Internal Revenue Service (IRS), is in uncharted territory after last year's $20 billion rescission and a bipartisan budget deal's $1.4 billion reduction. The legislation that targeted budget cuts actually froze $20 billion of needed IRS funding!

U.S. Treasury authorities worry about this loss's ramifications. Treasury Deputy Secretary Wally Adeyemo worries about the IRS's inability to enforce tax rules, which might reduce audits of families, small businesses, wealthy individuals, and large corporations. (…and why is that bad news?)

Good News! Adeyemo predicts 6,000 fewer ultra-wealthy audits. Major firms would have 2,000 fewer audits. The IRS may need to freeze hiring to delay modernization and enforcement.

Adeyemo said without the $20 billion, the government will run out of money in fiscal year 2025 at the current enforcement expenditure pace. Recent improvements to the agency's late tax collection may slow its progress.

Unfortunately, the funds intended to support stronger enforcement failed, potentially increasing the national deficit by $140 billion and the federal debt by $36 trillion.

The political atmosphere is changing rapidly, causing this finance impasse. Fiscal policies and IRS funding will dominate legislative debates now that Republicans control both houses of Congress and President-elect Trump is poised to enter office.

Trump has not addressed IRS financing, despite his goal of sweeping tax reforms.  However, Congressional Republicans have stated their desire to decrease IRS funding. Some have proposed a reduction in modernization funding and the termination of Direct File, citing concerns about the potential power-hungry leadership of the next government.  Progressives may tighten IRS budget restrictions, potentially plunging families, small businesses, and the elderly into an IRS debt spiral.

The Democratic-passed Inflation Reduction Act prompted the hiring of 87,000 additional agents, which led to criticism of the IRS's tax enforcement practices. Because armed agents abuse government authority, some think the agency has too many weapons and ammunition and is ready to train and arm audit agents. IRS funding cuts may test its capacity to maintain increased manpower and enforcement.

Also, fiscal watchdogs advise caution. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, warned that IRS budget cuts could reduce federal tax collection and increase the deficit. "Given the fiscal situation, we deeply hope there is no rescinding, diverting, or repeal of revenue meant to help with tax collection," she said.

However, many taxpayers are applauding the elimination of the infamous IRS government collections agency and the implementation of a new, fairer system that, if implemented, could make every Christmas a little greener!

Treasury officials are rushing budget negotiations to receive money before President Biden's tenure ends. A prolonged hiatus in acti

on could force the IRS to undertake critical staffing, enforcement, and modernization decisions, so the stakes are high.

Some see an IRS budget cut of $20 billion as a Christmas gift. Fewer audits and enforcement may relieve many Americans.

Final Word: Could the Biden regime give the IRS billions of dollars as a going-away gift to the Swamp for their drunken spending orgies and a big fxck you to the American taxpayer?

Biden is a loser; what do you think?