The Internal Revenue Service is backing off on performing audits as the Trump administration seeks to dramatically downsize the agency in a move that could cost billions of dollars in tax revenue, according to The Wall Street Journal.
The Trump administration has dismissed 7% of IRS staff since President Donald Trump took office in January, with plans to cut upward of 20% of the workforce, and instituted a hiring freeze at the agency. Congress also took steps to rollback the enforcement spending approved in 2022.
“That’s just money being thrown away,” Barry Johnson, the former head of the IRS Statistics of Income Division, told the Journal. “It seemed counterproductive to me to lose staff we worked so hard to recruit and bring on.”
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