Wyden Statement on Massive Deficit Impact of Trump IRS Layoffs
Washington, D.C. — Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement on the Yale Budget Lab’s new report showing that the Trump-Musk administration’s rumored IRS layoffs could lead to a 10-year deficit increase of $2.4 trillion and that the wealthy would benefit the most from Trump gutting tax enforcement:
“Taking a wrecking ball to the IRS is just another way for Trump and Musk to help their rich buddies get away with cheating on their taxes. The big picture is that Trump and Republicans are determined to stuff money into the pockets of the wealthy by any available means, including giving them another round of tax handouts and allowing them to get away with outright cheating, and everybody else is on the hook to pay for it as Trump and Musk vandalize Social Security and gear up to demolish Medicaid.”
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