IRS Funding Cut Impact
This is a news story, published by MSN, that relates primarily to IRS news.
News about inflation
For more inflation news, you can click here:
more inflation newsMSN news
For more news from MSN, you can click here:
more news from MSNAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about inflation, you might also like this article about
budget cut. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest debt ceiling news, IRS news, news about inflation, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Inflation Reduction ActMoneywise
•Congress revoked another $20 billion in funding from the IRS — here’s why that’s a problem for all Americans
72% Informative
The Inflation Reduction Act of 2022 included $79.4 billion in funding for the IRS .
That amount was rescinded to raise the debt ceiling last year .
The agency has already recovered $4.7 billion in back taxes after receiving the additional funding.
The IRS is already bracing for further budget cuts expected from the incoming administration.
VR Score
72
Informative language
67
Neutral language
46
Article tone
informal
Language
English
Language complexity
45
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
2
Affiliate links
no affiliate links