Cuts to the Internal Revenue Service are a Gift to Billionaire Tax Cheats
Some of the very wealthiest people already fail to pay what they legally owe in taxes to the tune of over $200 billion a year. As part of an effort to further rig the tax code for corporations and billionaires, President Trump and Elon Musk have proposed cuts to the Internal Revenue Service (IRS) that would allow rich tax cheats to steal an additional $110 billion from the public over the next decade. That’s $30 million more in stolen tax revenue every single day.