If the Internal Revenue Service’s workforce is cut by half, as President Donald Trump is reportedly considering, it could cost over $2.4 trillion in lost revenue over the next decade and increase the tax gap by about 25%, according to a report released Thursday by Yale’s Budget Lab.
IRS Layoffs Could Slash Revenue By $2.4 Trillion, Report Says
by usoftax_admin | Mar 13, 2025 | Tax News