Slashing IRS Budget Carries a Heavy Price

Cutting the agency’s funding will result in a serious drop in revenue due to fewer audits and less oversight—which will worsen our federal budget deficits.

WASHINGTON, DC - JANUARY 24: Senate Foreign Relations Committee member Sen. Ron Johnson (R-WI) questions Sen. John Kerry (D-MA) during his confirmation hearing to become the next Secretary of State in the Hart Senate Office Building on Capitol Hill January 24, 2013 in Washington, DC. Nominated by President Barack Obama to succeed Hillary Clinton as Secretary of State, Kerry has served on this committee for 28 years and has been chairman for four of those years.
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