Sunday, June 14, 2015

IRS Will Be Strapped To Monitor Fraud

by Gary Snyder

House Republicans have proposed cutting the IRS budget next year by nearly eight percent, as opposed to the President seeking a 18 percent increase. The proposed cuts would shrink the agency’s budget by $838 million, leaving it with $10.1 billion -- what it was back in 2004. 

In the larger context, what this means is more revenue lost to tax evasion. House Republicans say they want to punish the IRS, but it seems they are just punishing honest Americans. In the EO context, I think we can expect more tax evasion. E&O Tax Journal



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