Monday, February 17, 2020

The IRS Budget

Trump proposes to cut IRS employees by over 1,000.

Trump proposes an increase in IRS budget.

I saw both takes online, which was very confusing.

Here's a bit of explanation:
For the Internal Revenue Service, the plan proposes $12 billion, which is about a 4% increase from fiscal 2020, yet would decrease staff levels by 1,183 full-time employees. However, with $400 million in “cap adjustments,” there would be a net increase of 1,700 positions from fiscal 2020 levels. “Cap adjustments” are spending that is allowed above the limits in the 2019 budget agreement because of its potential to generate revenue.
There's much more at the link.

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