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IRS chief: Budget cuts to freeze hiring, cut enforcement

Source: politico.com - Dec 19, 2014

12/17/14 5:52 PM EST

The IRS will freeze hiring and stop overtime as a result of the budget cuts just passed by Congress, according to an email obtained by POLITICO.

IRS Commissioner John Koskinen on Wednesday told employees that the $346 million cut to the agency budget is bound to reduce tax collections from potential tax cheats by at least $2 billion and hurt taxpayer services.

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Category: General Business