News

Elon Musk asks if the IRS should be ‘deleted’ after agency begs for $20 billion – here’s how X users responded

Billionaire Elon Musk asked social media users Wednesday if the Internal Revenue Service should be “deleted” — a day after a top Biden-Harris administration official urged Congress to give the federal agency $20 billion.

“The IRS just said it wants $20B more money,” Musk, who will co-lead informal Department of Government Efficiency under President-elect Donald Trump, wrote on X.

The world’s richest person then asked users for their thoughts on the tax authority’s budget situation.

“Do you think its budget should be: Increased, Same, Decreased, Deleted,” Musk asked in a poll.

More than 60% of X users preferred having the IRS’s budget “deleted.”

Only 3.9% said the federal agency’s budget should remain the same, 5.6% felt it deserved more money and 29.9% said the IRS budget should be decreased.

The Tesla CEO’s tweet follows Treasury Department Deputy Secretary Wally Adeyemo making a desperate public plea for billions of dollars in more funding for the IRS.

“The IRS is going to potentially have to make dramatic decisions about stopping hiring and starting to budget for a world in which they don’t have $20 billion, which will stop a lot of their progress,” Adeyemo told reporters on a press call Tuesday.

”If they don’t get that $20 billion that is at risk they would run out of enforcement money at the current pace sometime in fiscal year 2025,” he added.

The massive shortfall appears to be the result of text included in stopgap congressional legislation passed in September to keep the federal government funded until Dec. 20.

Congressional Republicans have tucked a $20 billion IRS enforcement cut into the government funding legislation, according to the Wall Street Journal.

Adeyemo urged Congress to unlock the $20 billion in funds for the IRS in the upcoming budget battle, claiming that without the money some $140 billion would be added to the national deficit, by way of thousands of fewer audits for the wealthy and large corporations.

Musk and DOGE co-leader Vivek Ramaswamy intend to use the new Trump administration initiative to slash government spending.

The SpaceX founder and X owner has already pledged to cut the bloated federal budget by “at least $2 trillion.”

The head of the Committee for a Responsible Federal Budget, a nonprofit that advocates for fiscal restraint, joined Adeyemo on the call and backed his plea.

“Given the fiscal situation we deeply hope there is no backsliding in the coming months and years with rescinding, diverting, repealing any of the revenue that is going effectively into the IRS to help with tax collection,” Maya MacGuineas, the president of CRFB, said.

Her group identified $20 billion in potential savings Wednesday by reversing President Biden’s “Directive Limiting Use of IRS Enforcement Funding.”

Related Posts

Taylor Swift will support the Chiefs for a third season when Travis Kelce returns to the NFL

Looks like the third season of Taylor Swift goes to Arrowhead is returning in September after the singer’s boyfriend Travis Kelce announced another year with the Kansas City Chiefs. The tight end told…

“Taylor Swift’s Management Finally Breaks Silence on Travis Kelce – Fans Are Stunned by the Shocking Reason Why!”

Kansas City Chiefs tight end Travis Kelce and his girlfriend, Taylor Swift, have kept a low profile since Super Bowl LIX. Following the Philadelphia Eagles’ dominant 40-22 defeat…

BREAKING: Elon Musk Drops a $5,000 Bombshell Gift for Citizens – You Won’t Believe What’s Coming February 28th! In a stunning late-night Twitter announcement, Elon Musk has left the world in shock with a jaw-dropping $5,000 gift for citizens!

Elon Musk’s $5,000 Gift to Citizens Set to Arrive on February 28th. A Tech-Savvy Surprise In an unexpected twist that has the world buzzing, tech mogul Elon Musk…

After considering retirement, Travis Kelce is rejoining the Chiefs, saying, “You can’t go out like that”

Travis Kelce isn’t going anywhere. The star Chiefs tight end is “for sure” coming back to Kansas City for another NFL season, Pat McAfee revealed Thursday on his…

Rafa Nadal y Xisca Perelló obtendrán una considerable ganancia debido a lo reciente que ha ocurrido

Rafa Nadal, respaldado por su mujer, abrirá un centro deportivo en Marbella que promete ser un éxito. Rafa Nadal, respaldado por su mujer Xisca, abrirá un centro deportivo…

Alyssa Milano Accuses Whoopi Goldberg of Being the Cause of Her Career Decline and Financial Crisis.

Alyssa Milano, the once-celebrated actress known for her roles in Charmed and Who’s the Boss?, has recently made shocking allegations against Whoopi Goldberg, a Hollywood legend and co-host of The View. Milano…

Leave a Reply

Your email address will not be published. Required fields are marked *