Democrats broke the cycle with the 2022 Inflation Reduction Act signed by President Joe Biden. The law, which passed both the ...

Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...

Amid the chaos of the shutdown fight, Republicans snuck in a passage to gut funding for the IRS. And Democrats didn’t catch ...

The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit.

Republican lawmakers have now clawed back half the investment the Biden administration made in the tax agency.

President-elect Donald Trump publicly backed what he called a “one powerful Bill” approach that will include extending tax ...

The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.

See: IRS says it has recovered $4.7 billion in unpaid taxes. Republicans want to cut enforcement funding. Also: Trump’s pick for IRS chief would lead an agency he once wanted to scrap.

Republicans have long targeted the tax agency, and their cuts will hurt its efforts to go after rich tax evaders and improve the IRS’s functionality. It’s their second successful cut from President ...

Extending all of the 2017 tax law could add close to $5 trillion to the national debt. To offset the cost, Trump and ...