To provide for a limitation on availability of funds for Department of Treasury, Internal Revenue Service, Operations Support for fiscal year 2024.
Impact
The passage of HB2061 would have significant implications for the operations of the IRS as it seeks to fulfill its mandate in tax collection and taxpayer services. Critics may argue that limiting funds could undercut the IRS's ability to effectively carry out audits and compliance checks, potentially leading to revenue loss or increased tax evasion among citizens. Furthermore, such funding restrictions may hinder the IRS from acquiring essential technology and staffing needed to modernize its operations, which has been an ongoing challenge for the agency.
Summary
House Bill 2061 aims to impose a limitation on the availability of funds for the Department of Treasury's Internal Revenue Service (IRS) Operations Support for the fiscal year 2024. Specifically, the bill stipulates that the total amount appropriated for this purpose cannot exceed $3,724,000,000. This funding cap is positioned within the broader context of fiscal accountability and government spending oversight. Proponents of the bill argue that establishing a ceiling on IRS funding is vital for ensuring that taxpayer dollars are used efficiently and that the agency does not grow beyond necessary operational requirements.
Contention
Discussions surrounding HB2061 may center on the balance between fiscal restraint and the operational needs of the IRS. Some lawmakers and advocacy groups may voice concern that the imposed funding limit could result in a diminished capacity for the IRS to perform its duties, especially in light of the increasing complexities in the tax code and heightened demands for taxpayer assistance. This tension reflects a broader ideological divide regarding government spending and regulation, particularly in the area of federal tax enforcement.
To provide for a limitation on availability of funds for Department of Treasury, Internal Revenue Service, Business Systems Modernization for fiscal year 2024.
To provide for a limitation on availability of funds for Department of Treasury, Bureau of the Fical Service, Salaries and Expenses for fiscal year 2024.