« FFFT Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

IRS commissioner says House budget...

By: weco in FFFT | Recommend this post (0)
Fri, 10 Jun 11 9:41 AM | 29 view(s)
Boardmark this board | Food For Further Thought
Msg. 29801 of 65535
Jump:
Jump to board:
Jump to msg. #

IRS commissioner says House budget would increase deficit

By Lisa Rein, Published: June 8

http://www.washingtonpost.com/politics/irs-commissioner-says-house-budget-would-increase-deficit/2011/06/08/AGwLtVMH_story.html?hpid=z1

Internal Revenue Service Commissioner Douglas H. Shulman told senators Wednesday that the House-passed budget resolution would “increase the deficit” by forcing cuts that would lose revenue for the tax-collection agency.

“Cuts of this magnitude would be substantial and affect all of IRS operations,” Shulman told the Appropriations Committee panel that oversees financial services and government, which was taking up the agency’s budget request.

Congress has not recommended a specific budget for the agency for the next fiscal year. A resolution approved this spring by the House would cut $2 billion from the budgets of the IRS, several other agencies and the District. The IRS would take the largest hit.

Such a cut “would actually increase the deficit by decreasing revenue,” Shulman told senators, from poor customer service to diminished enforcement actions against tax cheats.

continues...


- 86 47 -




» You can also:
« FFFT Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next