Reported 1 day ago
U.S. Treasury Secretary Scott Bessent announced that the Trump administration has successfully cut $2 billion from the IRS's technology budget without causing operational disruptions. He stated that the IRS could save hundreds of millions more by automating paper processing, aiming to drastically lower expenses associated with paper forms. Bessent defended the significant budget reductions while asserting that tax collection would remain robust due to smarter IT investments.
Source: YAHOO