2min chapter

FiveThirtyEight Politics cover image

There's A Debt Ceiling Agreement ... For Now

FiveThirtyEight Politics

CHAPTER

The IRS and the Tax Cuts

Part of the investment in the IRS was to bring in more revenue without having to raise taxes. But that ended up getting rolled back a little bit with this agreement. The IRS doesn't actually have to change its budget all that much for the next two years. It can use money from down the road to fund at the same levels that it wanted to already and then ask for more money later.

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