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Published 2 months ago

Biden Proposes $12.3 Billion for IRS Revamp, Tax Cheat Crackdown

Summary by Ground News
President Joe Biden proposed $12.3 billion in annual funding for the IRS in his budget proposal. The proposed IRS annual funding aligns with 2023 levels, though is a decrease from Biden's $14.1 billion pitch from last year. The administration's fiscal 2025 budget request also proposes restoring and extending the 2022 tax-and-climate law funds.

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