November 8, 2011 / 9:26 PM / 6 years ago

IRS chief: agency cuts would add $4 bln to deficit

1 Min Read

WASHINGTON, Nov 8 (Reuters) - Cutting the budget of the tax-collecting U.S. Internal Revenue Service, as proposed in Congress, could add $4 billion annually to the federal deficit, IRS Commissioner Douglas Shulman warned on Tuesday.

A cut of at least $525 million has been proposed and would have "serious consequences" that could reduce enforcement actions by 7 percent, Shulman said at a conference, adding that it "would add about $4 billion to the deficit."

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below