{"id":2086333,"date":"2023-11-01T06:26:02","date_gmt":"2023-11-01T10:26:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/irs-funding-cuts-would-be-budget-busting-gift-to-terrorists-and-tax-cheats-sen-ron-wyden\/"},"modified":"2023-11-01T06:31:39","modified_gmt":"2023-11-01T10:31:39","slug":"irs-funding-cuts-would-be-budget-busting-gift-to-terrorists-and-tax-cheats-sen-ron-wyden","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/irs-funding-cuts-would-be-budget-busting-gift-to-terrorists-and-tax-cheats-sen-ron-wyden\/","title":{"rendered":"Sen. Ron Wyden warns: IRS funding cuts aid terrorists and tax cheats."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Firs-funding-cuts-would-be-budget-busting-gift-to-terrorists-and-tax-cheats-sen-ron-wyden%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2086333&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><blockquote>\n<h2>IRS Budget Cuts Could Jeopardize \u200cCrackdown on Hamas Funding<\/h2>\n<p>Warning of potential disruptions \u200bto the\u2062 IRS&#8217;s efforts to combat Hamas funding, a\u200b Democratic Senator has raised concerns over proposed budget cuts. Sen. Ron Wyden (D-Ore.) highlighted the terrorist organization&#8217;s use of fake charities and cryptocurrency to evade sanctions and\u200b finance\u200b attacks. He emphasized the IRS&#8217;s crucial role in policing fake charities and addressing sanctions evasion through cryptocurrency. However, reducing IRS funding could jeopardize these \u2062efforts, according to the Senator.<\/p>\n<h3>Related Stories<\/h3>\n<ul>\n<li>\n      <a href=\"http:\/\/www.theepochtimes.com\/us\/democrats-pan-house-israel-funding-bill-stripping-irs-funding-5520211?ea_src=author_manual&#038;ea_med=related_stories\"><br \/>\n        <strong>Democrats Pan House Israel\u2062 Funding Bill Stripping IRS Funding<\/strong><br \/>\n      <\/a><br \/>\n      <span class=\"text-comp-caption\">10\/31\/2023<\/span>\n    <\/li>\n<li>\n      <a href=\"http:\/\/www.theepochtimes.com\/article\/irs-chief-hints-at-possibility-audits-may-rise-for-americans-earning-under-400000-post-5517881?ea_src=author_manual&#038;ea_med=related_stories\"><br \/>\n        <strong>IRS Chief\u200b Hints at \u200bPossibility Audits May\u200d Rise for Americans Earning \u200cUnder\u200c $400,000<\/strong><br \/>\n      <\/a><br \/>\n      <span class=\"text-comp-caption\">10\/28\/2023<\/span>\n    <\/li>\n<\/ul>\n<p>House Republicans have proposed slashing IRS funding to provide aid to Israel. The proposal reallocates $14.3 billion in aid, as requested by the \u2064Biden administration, while \u200creducing the\u2062 IRS&#8217;s Inflation Reduction Act (IRA) funding by the same amount. The IRA initially allocated \u200d$80 billion\u200b in funding for the IRS, with $20 billion already clawed back in a previous debt deal with Democrats.<\/p>\n<p>In \u200chis letter,\u200c Sen. Wyden highlighted that Congress has \u200dalready rescinded $1.4 billion from the funding, and additional bills could reduce it \u2062by another $25 billion. He expressed concerns \u2064that these cuts would \u200bbe detrimental to counterterrorism efforts \u200band tax enforcement.<\/p>\n<p>Sen. \u2062Wyden also praised \u2063the IRS Criminal Investigation Division&#8217;s success in seizing illicit \u2063cryptocurrency\u2064 and assisting with\u200b interagency efforts to enforce sanctions. He urged the tax agency to provide a list of how the\u200d proposed \u2062cuts \u200cwould hinder its ability \u2062to address these concerns and improve service.<\/p>\n<p>The Congressional Budget Office (CBO) estimated that rescinding\u2063 $25 billion or \u2064more of IRS funding would significantly\u200b impact the agency&#8217;s budget deficit and reduce revenues over a decade. President Biden requested $14.2 billion\u2063 for the \u2064IRS in the 2024 fiscal year, but <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/irs-funding-cuts-would-be-budget-busting-gift-to-terrorists-and-tax-cheats-sen-ron-wyden\/\" title=\"Sen. Ron Wyden warns: IRS funding cuts aid terrorists and tax cheats.\">current \u200dappropriations bills fall short<\/a> of \u2063that amount.<\/p>\n<h2>Polarizing Proposal<\/h2>\n<p>The GOP&#8217;s proposal to\u200b cut the IRS budget for Israel aid has sparked controversy among lawmakers. Rep. Frederica Wilson (D-Fla.) criticized the \u200cmove, emphasizing\u2062 the need to support Israel during\u200c the ongoing crisis\u200d with Hamas. \u2063Sen. Mark Warner (D-Va.) \u200ccalled the proposal absurd and dangerous, highlighting the negative impact on taxpayer services and fraud prevention.<\/p>\n<p>Rep. Lauren\u200b Boebert (R-Colo.) argued \u2064that the United States cannot afford unlimited spending and suggested \u200bredirecting funds from the IRS, which she believes is being weaponized against the public. The proposal has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gaza-un-director-retracts-praise-for-precision-of-idf-strikes-after-criticism-from-hamas\/\" title=\"Gaza UN Director Retracts Praise for \u2018Precision\u2019 of IDF Strikes After Criticism From Hamas\">received mixed reactions<\/a>, with some praising it as a\u2064 strategic legislative move.<\/p>\n<p>Rep. Greg \u200cMurphy (R-N.C.) defended the proposal, stating that\u200d IRS expansion would not create a fairer system but instead target everyday taxpayers and small businesses. He \u200cemphasized the need for a more just\u2062 approach.<\/p>\n<p>The\u200b IRS\u200c recently announced the opening of over 3,700 positions \u200dto\u2063 enhance enforcement work, focusing on complex partnerships, large corporations, and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-joe-manchin-meeting-with-republicans-drafting-scaled-down-version-of-biden-infrastructure-bill\/\" title=\"Report: Joe Manchin Meeting With Republicans, Drafting \u2018Scaled Down\u2019 Version Of Biden Infrastructure Bill\">high-income earners<\/a>. However, a report by\u200d the Treasury Inspector General for Tax Administration (TIGTA) recommended revising the definition \u2063of high-income \u200btaxpayers. The IRS \u2064disagreed, arguing for flexibility to address \u200demerging issues and trends.<\/p>\n<\/blockquote>\n<p> <\/p>\n<h2> \u2064How has the Criminal Investigation \u200dDivision \u2064(CID) of the IRS been successful in identifying and dismantling \u2064fake charities\u200d that\u2062 funnel money to terrorist organizations like Hamas?<\/h2>\n<p><span>  Tigation Division \u200c(CID) for its successful efforts\u2064 in cracking down on terrorist financing. He noted that the CID has been instrumental in identifying and \u200cdismantling fake charities that serve as fronts\u2063 for funneling money to terrorist organizations like Hamas.\u2062 By disrupting these funding channels, the IRS plays a vital role\u2063 in\u200b preventing terrorist attacks and \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/judge-tosses-most-cases-against-trump-for-clearing-of-lafayette-park\/\" title=\"Judge Tosses Most Cases Against Trump For Clearing Of Lafayette Park\">protecting national security<\/a>.<\/p>\n<p>The use\u200c of cryptocurrency for illicit activities, including terrorist financing, has also been a growing concern. Sen. \u200dWyden emphasized that the IRS\u2063 plays a \u2062crucial role in addressing sanctions evasion through cryptocurrencies by monitoring and tracking suspicious\u200b transactions. With the increasing use of digital currencies, it is essential for the \u200dIRS to \u200bhave\u200b adequate funding to develop the necessary expertise and tools to combat this \u200demerging threat effectively.<\/p>\n<p>However, the proposed budget cuts to \u200dthe IRS could\u2063 severely hamper these important efforts. Sen. Wyden warned \u200bthat reducing funding for the IRS would result in fewer resources and \u2062fewer trained personnel to investigate and combat terrorist financing. It could also lead\u200b to outdated technology and inadequate infrastructure that\u200d would \u2064make \u200bit harder for the IRS to keep\u2063 up \u200dwith evolving tactics used by terrorist organizations.<\/p>\n<p>The proposed reallocation of \u2063funds to provide aid to Israel is certainly important, but\u200d it\u2063 should not come at the expense of national security and counterterrorism efforts. Sen. Wyden urged his colleagues in Congress to reconsider the budget cuts and find alternative solutions to support both priorities.<\/p>\n<p>In conclusion, the potential\u200b budget cuts facing the IRS could pose a significant threat to the crackdown on \u2062Hamas funding. As the terrorist \u2063organization continues to exploit fake charities and \u2063cryptocurrencies to evade sanctions and finance attacks, it \u200dis \u200dcrucial that the IRS remains adequately funded to \u200dcombat these threats effectively. Sen. Wyden&#8217;s concerns highlight the importance of prioritizing\u2063 national security and counterterrorism efforts, and it \u200cis essential for Congress to find a solution that does not compromise these \u2063vital objectives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>terrorism,\u201d the senator said. The proposed budget cuts would hinder the IRS&#8217;s ability to investigate and prevent these illicit activities, potentially jeopardizing national security. It is crucial to maintain adequate funding for the IRS to effectively combat terrorist financing and protect the interests of the United States and its allies.<\/p>\n","protected":false},"author":186,"featured_media":2086334,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2086333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2086333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2086333"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2086333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2086334"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2086333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2086333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2086333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}