Article originally appeared on www.frontpagemag.com.
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Remember that $80 billion in IRS funding courtesy of the Biden administration? As usual, the IRS already needs more money.
The Internal Revenue Service’s beefed-up enforcement fund—initially intended to last about a decade—could run dry in 2025 after budget cuts and a quirk in congressional funding that Biden administration officials are hoping to address before they leave office. Deputy Treasury Secretary Wally Adeyemo said Congress would need to reach a comprehensive spending deal for the rest of fiscal 2025, or include additional language in another continuing resolution to avoid another $20 billion IRS cut from going into effect.
Adeyemo, a Nigerian immigrant who got the job because he worked on outreach for the Kerry presidential campaign, seems like he won’t have long on the job. It’s time for him to go back to Black Rock or whatever big finance firm will …
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