IRS Workforce Cuts Spark Tax Revenue Concerns

The IRS has initiated significant layoffs impacting up to 25% of its workforce, with around 20,000 jobs targeted for elimination. The cuts began with the Office of Civil Rights and Compliance, slashing 75% of its staff, and transferring remaining employees to the Office of Chief Counsel. These layoffs are part of President Trump's administration's broader effort, led by Elon Musk's Department of Government Efficiency, to reduce the size of the federal workforce. The reduction is expected to result in a substantial decline in tax revenue, with projections indicating a more than 10% decrease by the April 15 deadline, amounting to over $500 billion in lost revenue. Concerns have been raised about potential exploitation by tax cheats due to the diminished IRS capacity during tax season. This move has sparked criticism for undermining the IRS's ability to enforce tax laws effectively.