Business & Economy
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Business & Economy
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Staff at IRS taxpayer help office on chopping block
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The Internal Revenue Service is gearing up for another round of staffing reductions, as the Trump administration targets the office of the National Taxpayer Advocate (NTA).
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The key office reports to Congress about IRS service levels and advocates individual taxpayer cases to the IRS.
In response to a question from The Hill about reductions to the workforce of the NTA, a Treasury Department spokesperson said the agency was seeking to “right-size” its workforce.
“These adjustments to right-size the NTA will in no way negatively impact that mission nor service to taxpayers in any meaningful way,” the Treasury Department spokesperson said in a statement.
The confirmation of the layoffs follows a report from The Washington Post that the NTA would lay off 25 percent of its staff.
The Trump administration is also planning to get rid of nearly 20 percent of the IRS workforce in general, according to reports, though Treasury Department officials said Friday they didn’t have a specific number in mind for the overall staffing reduction at the national tax collection agency.
The IRS has already fired nearly 7,000 trial employees, more than 5,000 of whom were focused on tax compliance.
The Hill's Tobias Burns has more here.
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Welcome to The Hill’s Business & Economy newsletter, I'm fseAris Folley — covering the action from Wall Street to Pennsylvania Avenue.
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Key business and economic news with implications this week and beyond:
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IRS whistleblowers Gary Shapley and Joseph Ziegler — who alleged the Justice Department slow-walked its investigation into Hunter Biden — were promoted to leadership positions at the Treasury Department on Tuesday.
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The FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is investigating damage to Cybertrucks at a Tesla dealership in Kansas City, Mo., according to a Tuesday social media post.
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President Trump’s reciprocal tariffs could go well beyond matching import taxes imposed on U.S. goods by other nations, Treasury Secretary Scott Bessent said Tuesday.
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Bessent: May deadline for tax package ‘ambitious’
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Welcome to Tax Watch, a new feature focused on the fight over tax reform and the push to extend the 2017 Trump tax cuts.
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Treasury Secretary Scott Bessent called a May deadline for President Trump’s "big, beautiful bill" that encompasses extensions of the 2017 Trump tax cuts "very ambitious."
“I am taking Speaker Johnson’s lead,” Bessent said Tuesday on the Fox Business Network. “May is very ambitious. It would be great.”
The Treasury secretary said the stakes for extending the Trump tax cuts are high, describing the desired tax reform as a “pass/fail” scenario.
The remarks come after Republicans on the Senate Finance Committee met with President Trump last week, after which they expressed some reservations about the House budget resolution.
Sen. Steve Daines (R-Mont.) said the House bill was “not quite yet beautiful.”
Senate Republicans have passed their own budget resolution for a two-track reconciliation strategy that would split tax cuts off from the rest of Trump’s agenda.
— Tobias Burns
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Upcoming news themes and events we're watching:
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Federal Reserve officials are set to meet on Wednesday afternoon on interest rates.
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Branch out with more stories from the day:
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NEW YORK (AP) — A Hollywood writer-director was arrested Tuesday on charges that he swindled $11 million …
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Wiz Founders Snubbed Google Then Said ‘Yes’ to Extra $9 Billion (Bloomberg)
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NASA astronauts Suni Williams and Butch Wilmore are expected to return to Earth Tuesday afternoon after more than nine months on the International Space Station. Read more
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A federal judge ruled Tuesday that Elon Musk and the Department of Government Efficiency (DOGE) likely exercised unconstitutional authority “in multiple ways” in dismantling the U.S. Agency for International Development (USAID). Read more
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