logo
IRS plans to lay off thousands

IRS plans to lay off thousands

Yahoo21-02-2025

WASHINGTON (NEXSTAR) – The Trump administration plans to fire nearly 7,000 probationary IRS employees, out of about 90,000 total employees.
At the press briefing on Thursday, administration officials addressed reports the IRS plans to lay of more than 3,000 employees.
'The Treasury Secretary is studying the matter and feels like 3,500 is a small number, and probably can get bigger, especially as we improve the IT at the IRS' said Director of the National Economic Council Kevin Hassett.
As Americans get ready to file taxes, President Donald Trump's adviser Alina Habba said it will affect people's tax returns, 'in a good way.'
'The reason is very simple. You cannot continue to waste American taxpayer dollars on giving it to the illegal immigrants,' Habba said.
Republicans have also accused IRS employees of targeting conservatives.
'We've never seen a more weaponized federal government,' said Rep. James Comer (R-Ky.). 'It's the IRS, it's the FBI, the CIA.'
Under the Biden administration, the IRS targeted wealthy Americans who failed to pay their taxes. They said, at the time, the increased enforcement recovered more than a $1 billion in unpaid taxes.
'Donald Trump and the Republicans have eviscerated so many of our institutions in order to cater to the whims of billionaires,' said Sen. Chuck Schumer (D-N.Y.), the Senate Minority Leader.
Pete Sepp, the President of the National Taxpayers Union said, in general, he supports cuts to the federal workforce.
'Both the federal government workforce and the federal contractor workforce are very large, bloated and inefficient,' Sepp said.
But, he said he worries laying off IRS workers could slow down modernization efforts.
'The IRS has some of the oldest computer systems in the entire federal government. The so-called individual master file, for example, is based on 60-year-old technology,' Sepp said. 'It is incredibly vulnerable to hacking. It's slow. It is not suited for a 21st century tax agency.'
IRS workers were told they could not accept buyout offers extended to federal employees until after tax season.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump admin sanctions El Chapo's sons and offers $10 million reward for their capture
Trump admin sanctions El Chapo's sons and offers $10 million reward for their capture

New York Post

time6 minutes ago

  • New York Post

Trump admin sanctions El Chapo's sons and offers $10 million reward for their capture

The Trump administration imposed sanctions on Monday against the two fugitive sons of jailed Sinaloa Cartel boss Joaquin 'El Chapo' Guzman and offered up a $10 million reward for information leading to their arrests. Archivaldo Ivan Guzman and Jesus Alfredo Guzman run the 'Los Chapitos' faction of Mexico's Sinaloa Cartel, which has been at 'the forefront of trafficking fentanyl into the United States' since their father's imprisonment in the US, according to the State Department. Los Chapitos' ability to procure fentanyl precursor chemicals, combined with its penchant for violence and control of secret laboratories in Sinaloa, has allowed the syndicate to dominate the illicit drug trade. 3 El Chapo's sons run the 'Chapitos' faction of the Sinaloa Cartel. AP 'Los Chapitos is a powerful, hyperviolent faction of the Sinaloa Cartel at the forefront of fentanyl trafficking into the United States,' Treasury Secretary Scott Bessent said in a statement announcing the sanctions. 'At the Department of the Treasury, we are executing on President Trump's mandate to completely eliminate drug cartels and take on violent leaders like 'El Chapo's' children,' Bessent added. 'Treasury is maximizing all available tools to stop the fentanyl crisis and help save lives.' The sanctions will block all property and interests in property and entities owned directly or indirectly by the Guzman brothers. 3 Archivaldo Ivan Guzman and his brother are both wanted by the US government for drug trafficking. Archivaldo and Jesus were also designated as targets under the State Department's Narcotics Rewards Program. The department has offered a reward of up to $10 million for information leading to the arrest and/or conviction of each brother. 'We will continue to protect our nation by keeping illicit drugs off our streets and disrupting the revenue streams funding Mexico-based cartels' violent and criminal activity, ' State Department spokeswoman Tammy Bruce said in a statement. 'Today's action further demonstrates the Trump Administration's unwavering commitment to eliminating cartels and ensuring the safety of the American people.' 3 The Trump administration has offered a $10 million reward for the capture of Jesus Alfredo Guzman and his brother. Additionally, the Treasury Department sanctioned several businesses controlled by Mexican businessman Jose Raul Nunez Rios and his make-up artist wife, Sheila Paola Urias Vazquez. The couple is believed to be financing an important Los Chapitos cell in Mazatlan, Mexico, which has been waging war against rival cartels and is engaged in drug trafficking, extortion, kidnapping and money laundering, according to the Trump administration. The sanctions follow the Trump administration's designation of the Sinaloa Cartel as a Foreign Terrorist Organization and Specially Designated Global Terrorist in February. El Chapo was convicted in 2019 on multiple conspiracy counts and sentenced to life in prison. He is serving his sentence at ADX Florence, a federal supermax prison in Colorado.

Ireland Needs Fiscal Rule as Economic Risk Grows, Watchdog Warns
Ireland Needs Fiscal Rule as Economic Risk Grows, Watchdog Warns

Bloomberg

time6 minutes ago

  • Bloomberg

Ireland Needs Fiscal Rule as Economic Risk Grows, Watchdog Warns

The Irish government should commit to a domestic fiscal rule so it can better plan spending as the economy enters uncertain territory, the state's fiscal watchdog warned. A global trade war stoked by US President Donald Trump is likely to have an outsized impact on Ireland, the strategic tax base for several multinational firms. Sticking to a fiscal rule would set a sustainable growth rate for spending net of tax changes, the Irish Fiscal Advisory Council said in its June fiscal assessment report.

Hardline House conservatives swing for fences in asks to Senate GOP on megabill
Hardline House conservatives swing for fences in asks to Senate GOP on megabill

The Hill

time17 minutes ago

  • The Hill

Hardline House conservatives swing for fences in asks to Senate GOP on megabill

Hardline conservatives in the House are making a broad swath of recommendations to make the 'One Big Beautiful Bill' of President Trump's tax cut and spending priorities even more conservative. A 10-page memo labeled to Senate Republicans from 'House Conservatives' — with input from members of the House Freedom Caucus while not being officially from the group — and shared with The Hill shows the hardliners swinging for the fences with numerous suggestions to change the megabill. Those include some controversial suggestions that were previously rejected by the House, like putting restrictions on the Medicaid Federal Medical Assistance Percentage (FMAP) that was expanded under ObamaCare; and further reigning in the ability of states to extract more federal Medicaid matching dollars through provider taxes imposed on health care providers. They call for ramping up the repeal of green energy incentives — a position opposed by just over a dozen House GOP moderates, who wrote to the Senate last week to request that leaders 'improve' the green energy tax credits rather than eliminate them The memo calls to scale back the increase to the state and local tax (SALT) deduction, which the bill increases from $10,000 to $40,000 with a phase-out for income above $500,000 — a compromise reached after intense and testy negotiations with blue-state republicans, and a measure considered critical to ensuring the bill makes it to the president's desk. And it pitches increasing a new 3.5 percent tax on remittances that migrants send to their home countries, among other measures — some of which were not fully explained. 'While the House OBBB limits certain benefits for illegal aliens, it does not fully end all taxpayer-funded benefits they receive, and it should,' the memo says. It closes: 'Other Matters Deserving of Consideration That We Are Not (Sufficiently): a) Fed pays interest to banks (Trillions), b) Higher remittance fees (up to point, Billions), c) Prohibition on foreign / China land ownership not restricted enough, d) Other.' The House cleared the 'One Big Beautiful Bill Act' last month, moving it through a special budget reconciliation process that bypasses the need to get Democratic support in the Senate. Senate Republicans are expected to make changes to the bill, which the House will have to vote again to approve before it heads to Trump's desk. Leaders have set a goal of rubber-stamping the bill by July 4 — a timeline seen as ambitious by many in the GOP and their allies outside Congress as different factions in the party jockey over its provisions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store