Yellen defends IRS, says Republican-proposed cuts would be ‘damaging’
Treasury Secretary Janet Yellen defended the Internal Revenue Service in a speech Tuesday against repeated threats from Republicans to cut the agency’s funding.
“Playing politics with IRS funding is unacceptable. Cutting it would be damaging and irresponsible,” Yellen said.
The IRS was allocated an influx of $80 billion by the Democrats’ Inflation Reduction Act, which passed last year. The funds are intended to help crack down on tax cheats and improve taxpayer service.
But the funding has become politically controversial.
Most recently, House Republicans voted to rescind $14.3 billion from...