National News

#Trump budget cuts hit the #IRS

President Trump’s initial spending plan calls for a $239-million cut to the Internal Revenue Service

The administration’s budget blueprint said the 2018 funding “preserves key operations” of the IRS. But the plan calls for “diverting resources from antiquated operations that are still reliant on paper-based review in the era of electronic tax filing” to produce “significant savings.”

The proposed 2018 spending would be about 2% less than this year’s $11.2 billion, a modest reduction given earlier reports of a possible 14% cut.

Overall, Treasury’s budget would be reduced by 4.4% in 2018, one of the smallest cuts among Cabinet departments.

Read the whole story in the LA Times

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Categories: National News

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