Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...

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

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.

In this episode of Tax Notes Talk, Tax Analysts Chief Operating Officer Jeremy Scott reviews the 2024 developments in U.S. tax legislation and speculates what may lie ahead in 2025.

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

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 ...

Congress rescinded tens of billions of dollars from a government agency in December that Republicans have long accused of ...

This is exactly what good government initiatives and policies ought to be like, so let’s not be too surprised when Trump and ...

The battle over enhanced funding for the IRS took a new twist in December as Republican lawmakers set up another $20 billion ...

Washington is geared up for a big debate over trillions of dollars in tax cuts. It’s going to be long, slow and messy. As the ...