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Trump’s Big Bill Could Have Small Economic Impact, Experts Warn
UNITED STATES, JUN 25 – The National Taxpayer Advocate warns that IRS staffing cuts nearing 37% and funding reductions could delay processing and increase challenges for millions of taxpayers in 2026.
- The IRS workforce fell from 102,113 to 75,702 employees over the past year, with more than 17,500 workers leaving amid staffing cuts.
- This reduction followed the Republican administration's proposed 20% budget cut for the IRS next year, raising concerns about understaffing if Trump's legislative package is enacted.
- By the conclusion of the 2025 tax filing period, the IRS was managing approximately 387,000 identity theft cases, many of which remained unresolved due to delays that could extend up to 20 months.
- Erin M. Collins, leading taxpayer advocacy, said the 2025 season was successful but warned the 2026 season could be precarious given workforce cuts and tax changes.
- Industry leaders recently warned that these IRS reductions might disrupt tax filing processes and impact taxpayers and government revenue going forward.
61 Articles
61 Articles
Report warns of bill's effects on tax season
WASHINGTON — The budget bill championed by President Donald Trump could complicate next year's tax filing season after the IRS lost one-quarter of its employees through staffing cuts, an independent watchdog reported Wednesday.
Trump’s big bill could have small economic impact, experts warn
The Senate version of President Trump’s domestic policy bill will likely fall short of its ambitious promises for economic growth and fiscal responsibility, economists are warning. While the Senate version will have some substantial differences from the version passed in the House in May, the overall structure of the bill remains in place, with the…
Satellite imagery firms escalate warnings over budget cuts
At issue is the Trump administration’s proposal to cut roughly $130 million from the NRO’s commercial imagery procurement budget for fiscal 2026 The post Satellite imagery firms escalate warnings over budget cuts appeared first on SpaceNews.
IRS Sheds 26 Percent of Staff as Federal Workforce Pared Down: Report
A new report from the head of the IRS’s Taxpayer Advocate Service shows that the agency has lost more than one-quarter of its workforce since President Donald Trump assumed office. The overhaul is consistent with the administration’s effort to slim down the federal government, but it raises questions about the agency’s readiness for the 2026 tax season. According to the June 25 report, the IRS workforce has dropped from 102,113 employees to 75,7…
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