Bloomberg Tax
Feb. 10, 2020, 8:08 PMUpdated: Feb. 11, 2020, 1:04 AM

IRS Funding Turnaround Would Continue Under Trump Proposal (1)

Kaustuv Basu
Kaustuv Basu

The Trump administration proposed $12 billion in IRS funding for the 2021 fiscal year, continuing a trend of modest increases for the agency as it tries to increase enforcement and implement the 2017 tax law.

The proposal, which was released Monday, is an increase from the $11.51 billion enacted funding level for the agency. The proposed budget provides for $300 million to modernize the IRS’s information technology infrastructure. The document is meant to lay out White House priorities, but ultimate funding levels are set by Congress.

“The goal really is to rebuild the IRS and ...

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