"The IRS is going to potentially have to make dramatic decisions about stopping hiring and starting to budget for a world which they don't have $20 billion which will stop a lot of their progress," Adeyemo said.
"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," Adeyemo added.
"Given the fiscal situation we deeply hope there is no backsliding in the federal budget funding for the IRS," said MacGuineas.
"The loss of that money would lead to an increase of the national deficit by $140 billion," warned Treasury Deputy Secretary Wally Adeyemo.
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