Washington Post: “Biden administration officials said the additional cuts would add $140 billion to the national debt over the next decade by hamstringing the agency’s ability to audit wealthy individuals and large corporations. The agency will conduct 400 fewer audits of major businesses each year, Biden administration officials said, and 1,200 fewer audits of high-income individuals. …”
“By 2026, the IRS would have enough resources to answer only two of every 10 phone calls to customer helplines, and wait times would increase to 28 minutes on average.”
