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How Is the IRS Adapting to Trump's Vision? #politics #shorts
Bloomberg Television· 2025-12-12 22:00
IRS Funding and Operations - IRS funding is crucial for government services and scrutinizing tax evasion/delinquency [1] - The 2022 Inflation Reduction Act aimed to address IRS understaffing issues [1] - Hiring of new IRS agents was halted, leading to potential understaffing [2] - Approximately 26,000 people have left the IRS [2] - Reduced IRS staffing may lead to decreased efficiency and output [2] Political Influence - Republicans believed the IRS received excessive funding from the Inflation Reduction Act [2] - Actions were taken to undermine and limit the powers of the IRS [3]