As Thanksgiving and then the Christmas season approaches, it is always important to remember those less fortunate than us.
Homeless veterans, elderly people who have lost far too many loved ones, hurricane survivors, the Internal Revenue Service ...
... [RECORD SCRATCH]
Wait, what?
Yes, it's true. This morning, the Associated Press reported that unless Congress acts before the senile person occupying the White House is out of office, the IRS could lose out on $20 billion in funding that is tied up in the legislature.
The IRS is at risk of losing $20 billion in funding without legislative intervention https://t.co/ToA5MX5JXE
— The Associated Press (@AP) November 27, 2024
Aww. We feel horrible about this. That poor agency.
Maybe The Salvation Army can bring out some Santas with pots and ringing bells.
Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen.
Hoping to unlock the funds in upcoming budget negotiations, Treasury officials are rushing for action before President Joe Biden’s term ends.
Treasury officials warn of dire consequences if the funding is effectively rescinded through inaction. The loss of that money would lead to an increase of the national deficit by $140 billion, Treasury Deputy Secretary Wally Adeyemo said on a call to reporters on Tuesday. There would be 6,000 fewer audits of wealthy individuals and 2,000 fewer audits of large corporations, and the agency would have to go on a hiring freeze, he said.
Fewer audits? Hiring freeze? Could this news possibly get any better?
Yes, it can. Adeyamo also said that without the $20 billion, the IRS would soon run out of enforcement money.
LOL. It's like a Thanksgiving miracle.
Now listen here, my nipples can only get so hard! https://t.co/y8t6qPvTVm
— Inappropriate Ray of ☀️ (Sworn Enemy of Rufus!) (@MrsRotnjetski) November 27, 2024
HAHAHAHA.
Not surprisingly, sentiments like this one dominated on Twitter.
https://t.co/CdN0dvefx6 pic.twitter.com/Z7pjPahLkU
— 🍹 Princess Consuela Banana-Hammock (@kimmie_c_) November 27, 2024
https://t.co/Uk3zxXTbjI pic.twitter.com/DjuRvbN7Tc
— Physics Geek (@physicsgeek) November 27, 2024
Others thought the only downside of the news was how small the shortfall was.
https://t.co/i1G6zONGLn pic.twitter.com/lRE6aMjjm5
— RBe (@RBPundit) November 27, 2024
Do I hear $40B? $45B? C’mon people, this is the IRS we’re talking about! https://t.co/T16LGSxG9J
— The Charming Cad (@Manderskat) November 27, 2024
The starting point for stripping IRS funding should be at least 90 percent. Minimum.
20 billion?
— john jackson (@pvtjokerus) November 27, 2024
I want entire offices to share a 1982 Volkswagen. https://t.co/t7IiiDzPCu
They can all live in a van, down by the river!! https://t.co/1By9CqaP3L pic.twitter.com/YxwZskMTp3
— Trail Bum (@TrailBum2) November 27, 2024
Hey, at least it's a start, right?
Almost there… https://t.co/ApESRCjPXH pic.twitter.com/pFfIkUGa1K
— Andrew Young - TANSTAAFL Curmudgeon (@NucMM1retired) November 27, 2024
Once Vivek Ramaswamy starts poking around inside the IRS, we should be able to cut much more.
https://t.co/sLk016I0KB pic.twitter.com/ssiWgq360x
— Chris Braly (@chrisbraly) November 27, 2024
Regardless of the amount, did the AP think there was anyone who would greet this as bad news?
https://t.co/1wxRtSfxaL pic.twitter.com/pwqa7v0z7l
— G (@TCC_Grouchy) November 27, 2024
https://t.co/zuJiQBMCQk pic.twitter.com/OBQzj2L4QX
— Dave Wordsworth (@DaveJWordsworth) November 27, 2024
https://t.co/kfSu1oQQrk pic.twitter.com/6cbo7Uk2k9
— Barry Scott Will (@PapaGamer) November 27, 2024
Apparently Christmas can come early. . . https://t.co/HpgymOH6ym
— Ned Ryun (@nedryun) November 27, 2024
Don't anyone ever try to tell us that Santa Claus isn't real.
Stop!! It's not even Christmas yet!!
— Schadenfreudelish (@aggierican) November 27, 2024
It's close enough. We even heard Mariah Carey singing along in the background as we were writing this article.
Oh no! Not that, the IRS is at risk of losing $20B in federal funding. What will happen? Will they have to cut those 87K agents? What will we do? pic.twitter.com/jgZr2mf6TD
— Savannah (@BasedSavannah) November 27, 2024
All those new IRS agents better not get too comfy. Something tells us they'll be back searching on ZipRecruiter very soon.
America right now! pic.twitter.com/ItaZh34XjP
— Andrew Young - TANSTAAFL Curmudgeon (@NucMM1retired) November 27, 2024
😂😂😂
— Danielle (@daniellemerrim1) November 27, 2024
I am loving this! pic.twitter.com/Uis254OXRz
It should make for some happy Thanksgiving tables tomorrow.
— AmErican (@Flipper628) November 27, 2024
Well, let's not get too hasty. Remember that this $20 billion that the IRS is losing is part of an overall $80 billion in additional funding it received due to the horribly and deliberately misnamed 'Inflation Reduction Act.'
But maybe soon, ALL of that supplemental funding will go away. And much of the IRS base budget as well.
Elon Musk and DOGE are watching very carefully ...
The IRS just said it wants $20B more money.
— Elon Musk (@elonmusk) November 27, 2024
Do you think it’s budget should be:
Awesome!
Those results speak for themselves, don't they?
As Musk likes to say, 'Vox populi, vox dei.'
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