Elon Musk's DOGE commission slashes IRS resources, impairing tax collection efforts

From Yahoo Finance: 2025-03-24 18:03:00

Elon Musk’s “DOGE” commission aims to streamline the federal bureaucracy, but it’s slashing resources at the IRS, impairing tax collection efforts. The tax gap, nearly $700 billion, could be closed by squeezing evaders, boosting federal revenue by 14% and reducing the annual budget deficit. The GOP’s approach starves the IRS, protecting wealthy tax cheats.

The IRS, outgunned in catching tax evaders, received $80 billion in funding for upgrades in 2022, only to face staffing cuts and chaos under DOGE. Shrinking the IRS workforce will lead to less tax revenue, worsening the fiscal outlook. Musk’s actions contradict Trump’s pledge to tackle the national debt.

DOGE’s attack on the IRS undermines fiscal responsibility and Trump’s need for revenue to finance tax cuts. Musk’s war on government organizations seems driven by personal biases. Closing the tax gap would benefit the government’s budget prospects, but the IRS is facing obstacles and staffing cuts under DOGE.



Read more at Yahoo Finance: How to tell Trump isn’t worried about the national debt