The article discusses significant financial losses attributed to administrative cuts and mismanagement under Trump's administration. It highlights a projection of over $500 billion in lost IRS revenue due to declining tax filings, alongside an estimated $135 billion in personnel costs linked to poor firings under Elon Musk. Additionally, a tracker revealed $430 billion in taxpayer-funded services that have been frozen or cancelled. This accumulative impact suggests that the changes have led to over a trillion dollars wasted, affecting the U.S. economy substantially.
"Senior tax officials are bracing for a sharp drop in revenue collected this spring, as an increasing number of individuals and businesses spurn filing their taxes..."
"The way Elon carried out personnel cuts may have created $135 billion in personnel costs, partly because Elon fucked up firings and so Russ Vought had to do it again."
"$430 billion in spending that taxpayers have paid for, but for which the services have been withdrawn or frozen was detailed in the tracker released by Rosa DeLauro and Patty Murray."
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