Bloomberg Tax
March 16, 2023, 3:16 PMUpdated: March 16, 2023, 9:23 PM

Repealing $80 Billion for IRS Would Hurt Customer Service, Yellen Says (3)

Chris Cioffi
Chris Cioffi
Senior Reporter

If Congress were to claw back the $80 billion provided for the IRS in the tax-and-climate law, customer service and refund processing times would suffer, Treasury Secretary Janet Yellen said before the Senate Finance Committee Thursday.

“Phones would go unanswered, wait times would grow, mail would be processed more slowly, refunds would be delayed,” she said in response to a question from Chairman Ron Wyden (D-Ore.).

Yellen appeared in front of the committee to discuss the president’s fiscal 2024 budget, and faced questions on the $80 billion, energy credits, the state and local tax deduction, and international tax issues, in ...