Republicans Looking to Cut Back on IRS Budget Even More

Republicans Looking to Cut Back on IRS Budget Even More

Republicans Looking to Cut Back on IRS Budget Even More

The IRS is no one’s favorite agency; however, when it comes to political parties the democrats are definitely friendlier with the IRS than the republicans. Things have been on a steady decline between the IRS and republicans ever since it was discovered that the IRS had been targeting members of the so-called Tea Party. Since that time, the Republican, who have never been chummy with the IRS anyways, have been taking aim at the federal tax agency with a vengeance and it appears they aren’t done yet. New reports indicate that republicans on Capitol Hill are going for the throat, so-to-speak, as they look to further diminish the IRS’ annual budget.

Budget Strapped Even More?

Throughout this entire tax season, report after report indicated that the IRS was already extremely strapped for help. The agency continually complained of having too much work and not enough manpower to do it. Taxpayers had more complaints and got less help. The IRS was not able to perform as many audits and tax scams were up. All toll, the 2014 tax season left a lot to be desired for almost anyone who had to work with the IRS. However, that doesn’t appear to be of concern to republican lawmakers who recently proposed cutting the IRS’s budget by another 8 percent, which would knock it down to a total of $10.1 billion. That reduction could put a serious strain on the IRS, as it continues to be in charge of tax collections, as well as oversee the Affordable Care Act health plan.

No Allies for the IRS on Capitol Hill

However, House republicans have no problem cutting back on the IRS, especially after the many reports of the agency giving random employee bonuses, targeting conservative groups and failing to protect taxpayer’s privacy and rights. This soured relationship is nothing new between Republicans and the IRS, but this year it’s different because the GOP also controls the Senate. Like it or not, the president could be forced to sign a new sending bill with proposed budget cuts that could severely cripple the IRS. The president could refuse to sign the bill, but if he were to do so simply on the grounds that it was unfair to the IRS, he could suffer some serious backlash from the American public, who tend to distrust the IRS already.

Obamacare Factor

According to House committee members who are pushing for the cuts, the IRS will need to streamline its efforts and policies and better prioritize its budget, but it will still have plenty of money to perform its duties. The proposal would also prevent the IRS from regulating the political activities of 501(c)(4) tax-exempt groups, such as Crossroads GPS. One other important proposal in the new spending bill would prevent the IRS from collecting Obamacare penalties from individuals who refuse to buy coverage, which could save these people hundreds or perhaps thousands of dollars. Of course, for its part, the IRS claims that further reducing the agency’s budget will only lead to more problems for taxpayers, less help and reduced security. Time will tell just how much affect the proposed spending will have, but in any case, the republicans are doing all they can to reduce the IRS’s power while they have an opportunity.

We hope you found this article about “Republicans Looking to Cut Back on IRS Budget Even More” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.


Alan L. Olsen, CPA, Wikipedia Bio is a proud sponsor of The American Dreams Show.



The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4 (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Posted in
Leadership, Duty, Honor & Country With Lt. Gen. Mike Barbero

Leadership, Duty, Honor & Country With Lt. Gen. Mike Barbero

Retired US Army Lieutenant General, Michael D. Barbero, discusses leadership, service, duty, honor, and country on Alan Olsen‘s American Dreams Show. Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is General Michael Barbero. General, welcome to today’s show.   Mike Barbero Thanks, Alan, how are you? Thanks for having me. It’s…

Regenerative Medicine and Creating Wellness with Dr. David Haasse

Regenerative Medicine and Creating Wellness with Dr. David Haasse

Dr. David Haasse, Founder of the MaxWell Clinic discusses regenerative medicine and creating wellness on Alan Olsen‘s American Dreams Show. Transcript: Alan Olsen Welcome to American Dreams. My guest today is David Haasse. David, welcome to the show.   David Haasse Thanks, Alan.   Alan Olsen So do you have a remarkable background and career obviously that lot…

VC Insights From Silicon Valley Veteran Andrew Romans

VC Success With Silicon Valley Veteran Andrew Romans

Andrew Romans, General Partner of 7BC Venture Capital, Author, and University Professor discusses navigating Silicon Valley, venture capital (VC), startup success, and the future of tech investment on Alan Olsen‘s American Dreams Show. Transcript:   Alan Olsen Welcome to American Dreams. My guest today is Andrew Romans. Andrew, welcome to today’s show.   Andrew Romans Thank you so…

How Entrepreneurs Shine by Gino Wickman

How Entrepreneurs Shine With Gino Wickman 

Gino Wickman, Founder of EOS Worldwide and author of “Shine” and “Traction: Get a Grip on Your Business” discusses How to shine as an Entrepreneur on Alan Olsen‘s American Dreams Show. Transcript:   Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Gino Wickman. To welcome to today’s show.   Gino…