The IRS is in dangerous territory here. They're at risk of coming up $20 billion short unless congress bails them out.
Yes, the tax collectors need your money.
Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen ...
Treasury officials warn of dire consequences if the funding is effectively rescinded through inaction. The loss of that money would lead to an increase of the national deficit by $140 billion, Treasury Deputy Secretary Wally Adeyemo said on a call to reporters on Tuesday. There would be 6,000 fewer audits of wealthy individuals and 2,000 fewer audits of large corporations, and the agency would have to go on a hiring freeze, he said.
Honestly, couldn't care less.
And it's not me being anti-gov or whatever. It's just that we all know that every government agency ever wastes so much money. Maybe they should have planned better.
It's absolutely not breaking my heart. Not in the least.
As Vivek has pointed out recently, the IRS is made up of some of the biggest hypocrites in government. And that's saying something.
So, to the tax collectors:
Elon, being the magnanimous and moderate guy he is, decided to take a poll of the people. Vox Populi.
You know, we could just do the Ted Cruz flat-tax plan. Or the Trump no-income tax plan. Either way, we could shrink the IRS down significantly.
Stay strong, Congress.
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