Trump White House Floats $2.5 Billion in Cuts to IRS Budget (1)

May 2, 2025, 2:25 PM UTCUpdated: May 2, 2025, 5:52 PM UTC

President Donald Trump proposed cutting almost $2.5 billion in annual funding from the IRS in his so-called “skinny budget” released Friday.

A wishlist to Congress of presidential priorities, the administration’s budget is a broad outline of his vision.

The “skinny budget” was light on details as Congress prepares to quiz administration officials next week on annual government funding plans.

It includes a swath of cuts to renewable energy, education, and foreign aid programs—slashing about $163 billion in government programs. Congress in the coming months will haggle over which parts of the plan will be turned into law. It would apply ...

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