In a letter exclusively shared with BI, Sens. Elizabeth Warren and Chris Coons said the program "meets the DOGE leaders' goals" for a tax-filing app.

Congress rescinded tens of billions of dollars from a government agency in December that Republicans have long accused of being weaponized against taxpayers and corporations. Lawmakers’ stopgap spending bill, signed into law by President Joe Biden on Dec. 20 to fund the government through March 2025, notably cut $20 billion in supplemental funding for the Internal Revenue Service (IRS). Republican lawmakers opposed Biden and congressional Democrats doling out $80 billion in supplemental funding to the IRS to bolster enforcement actions and the hiring of IRS agents in 2022, and have worked to claw back billions of this funding over the course of several spending bills.

During last week’s negotiations to avert a government shutdown, Congress quietly slashed $20 billion from the Internal Revenue Service. 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 Biden’s $80 billion funding boost to the agency in the 2022 Inflation Reduction Act, as the GOP took away an...

The Internal Revenue Service will be in the crosshairs in the second Trump administration, as the president-elect's recently announced choice to run the agency has called for it to be abolished. Former Missouri Congressman Billy Long, Trump's choice for IRS Commissioner, cosponsored a bill to get rid of the IRS and implement a national sales tax in its place. Ryan Polk, assistant professor of accountancy at Clemson University, said if the new...