Loading...
Market
Final IRS enforcement budget for FY 2025
5
Resolution / Starting Odds
Less than $5 billion • 25%
$5 billion to $6 billion • 25%
$6 billion to $7 billion • 25%
More than $7 billion • 25%
Final appropriations bill signed into law
Story
House Republicans Propose $10.119 Billion IRS Funding for FY 2025, Cutting $2.2 Billion, 18% Reduction
Jun 5, 2024, 10:23 AM
House Republicans have proposed funding the IRS at $10.119 billion for fiscal year 2025, representing a $2.2 billion reduction from the fiscal year 2024 level of $12.3 billion. The proposed cuts primarily target the agency’s enforcement funding, reducing it by $2.0 billion. This amounts to a roughly 18% cut from this year’s funding levels. The proposal has faced objections from Democrats, who argue that defunding the IRS will increase deficits, as every $1 spent by the IRS brings in multiple dollars in return, particularly from auditing wealthy individuals. Despite these objections, House Republican appropriators have advanced the funding bill.
View original story
Similar markets
Less than $100 million • 33%
$100 million to $500 million • 33%
More than $500 million • 33%
Less than £5 billion • 33%
Between £5 billion and £7 billion • 34%
More than £7 billion • 33%
Under $100 million • 25%
$100 million - $200 million • 25%
$200 million - $300 million • 25%
Over $300 million • 25%
Mostly large corporations • 33%
Mostly high-income earners • 33%
Mostly partnerships • 34%
Below $15 billion • 33%
Between $15 billion and $18 billion • 34%
Above $18 billion • 33%
Backlog fully cleared • 25%
Significant reduction in backlog • 25%
Minor reduction in backlog • 25%
No change in backlog • 25%
Exceeds projections • 33%
Meets projections • 34%
Falls below projections • 33%
Less than $1 billion • 25%
$1 billion to $5 billion • 25%
$5 billion to $10 billion • 25%
More than $10 billion • 25%
Under 500,000 • 25%
500,000 to 1 million • 25%
1 million to 1.5 million • 25%
Over 1.5 million • 25%