Skip to content
Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
Wally Adeyemo

Treasury urging lawmakers to free up IRS money

The Treasury Department is pressing Congress to include a provision in any year-end continuing resolution that would shield the IRS from more long-term budget cuts.

Deputy Secretary Wally Adeyemo told reporters Tuesday that without an anomaly in the CR, the agency could lose another $20 billion of its long-term funding and run out of money to crack down on tax cheats during FY2025.

Subscripion logo

Become a Premium Policy member to continue reading The Vault

Join The Vault
Already a subscriber? Log In

Punchbowl News Presents

Introducing Tech – our newest policy vertical. From high-profile interviews with industry influencers & policymakers to key lobbying updates, Punchbowl News Tech will be your go-to for timely technology insights.

 

Read our first Tech Quarterly now

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.