Trump proposes 5% boost to the IRS budget, reversing years of cutbacks and declines.
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By CPA Trendlines Research
After many years of increasing austerity—and some would say crippling austerity—the IRS may have bottomed out. Despite broad cuts proposed in the overall 2020 federal budget, President Trump has included an additional $362 million—a five percent increase—for the agency that gathers the funds that keep the United States in business.
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If Congress approves the budget as proposed (and that’s bound to be an exciting story), the IRS can begin—just begin—to recover some of what has lost over the last decade or so.
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