Elon Musk Asks if IRS Funding Should Be 'Deleted'
Elon Musk has asked social media users if funding for the Internal Revenue Service (IRS) should be "deleted" in a poll on X, formerly Twitter. "The IRS just said it wants $20B more money," Musk, who has been appointed to co-lead the informal Department of Government Efficiency under President-elect Donald Trump, wrote on X.
Elon Musk asks if the IRS should be ‘deleted’ after agency begs for $20 billion
The IRS just said it wants $20B more money,” billionaire Elon Musk posted on X, before sharing a poll asking whether the agency should be “deleted” altogether.
Elon Musk wants to 'delete' a federal agency designed to prevent another financial crisis and protect people from scams
Republicans and the banking industry have accused the CFPB of regulatory overreach because it doesn't follow the usual congressional budget process.
Elon Musk wants to ‘delete’ federal financial watchdog as ‘DOGE’ begins work
Delete CFPB,” the billionaire tech executive running the “Department of Government Efficiency” said in an early-morning post on X.
Elon Musk Wants to ‘Delete’ the Consumer Financial Protection Bureau
The comment on the Consumer Financial Protection Bureau follows Musk’s recent appointment to a government efficiency role, further amplifying the influence of the world’s rich
Trump Ally Elon Musk Calls for Abolishing Consumer Finance Watchdog
Elon Musk, tapped by the incoming administration to slice federal spending, called for the abolition of the Consumer Financial Protection Bureau early Wednesday. “Delete CFPB,” Musk said in a post on X,
Musk Calls for Abolishing Consumer Finance Agency: ‘Delete CFPB’
Billionaire Elon Musk called for eliminating the Consumer Financial Protection Bureau, highlighting the renewed threat under President-elect Donald Trump to a regulatory agency that has long been a target of Republicans and business advocacy groups.
IRS Risks Losing $20 Billion Under Donald Trump
U.S. Treasury officials are urging Congress to release $20 billion allocated for IRS enforcement before Trump takes power.
IRS Enforcement Money Has Unexpected $20 Billion Hole
Biden administration officials are rushing to address quirk in congressional funding before they leave office.
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Supreme Court to consider IRS’s claim on pre-bankruptcy tax payments
When someone makes a payment to a creditor shortly before filing for bankruptcy, the Bankruptcy Code requires the creditor to ...
The IRS is at risk of losing $20 billion in funding without legislative intervention
U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative ...
Accounting Today1d
IRS faces steep budget cuts without congressional action
The Treasury Department is warning Congress that it needs lawmakers to unlock $20 billion in funding for the Internal Revenue ...
IRS funding cut would increase US deficit, slow service
Cuts in funding for the Internal Revenue Service, long eyed by Republicans in Congress, would increase the federal deficit by ...
Bitcoin Is Surging, and the IRS Is Watching Closer Than Ever
The IRS is stepping up oversight as bitcoin surges near $100,000. Tax audits and criminal cases are happening more often, and ...
Accounting Today1d
Notable 401(k) and IRA plan changes for 2025
The IRS introduced changes to certain contribution limits to 401(k) and retirement plans for 2025, while some limits will ...
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Anambra targets N10bn monthly revenue from taxes
The Anambra State Internal Revenue Service (AIRS) has set a target of N10 billion monthly income from tax payments. Greg ...