Two subcommittees of the House Appropriations Committee have advanced additional cuts to IRS funding and other spending related to tax law enforcement.
The Financial Services-General Government Subcommittee July 21 advanced funding legislation that would cut IRS funding by even more than the Trump administration’s spring budget request, $2.8 billion, from $12.3 billion in federal fiscal year 2025 to $9.5 billion in FY26 (beginning Oct. 1). This exceeds the Trump administration’s request of a $2.5 billion funding cut. The funding bill also aims to end a Financial Accounting Standards Board effort to require companies to report how much in taxes they pay in other countries.
Another panel, the Commerce, Science, Justice, and Related Agencies Subcommittee, advanced legislation on July 15 that would eliminate the Justice Department’s Tax Division, in accordance with a request from the Trump administration.
Both bills are still subject to additional debate and revision by the full House Appropriations Committee and would require bipartisan support to advance in the Senate to become law.
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