On January 24, 2018 we posted, Trump to Name Tax Lawyer Rettig as IRS Commissioner - Good Choice! where we discussed that Pres. Donald Trump plans to nominate tax lawyer Charles "Chuck" Rettig as IRS commissioner, Politico reported and that he will also have to deal with an agency weakened by sharply reduced staffing after budget cuts by Republican lawmakers in recent years. The IRS has lost more than 17,000 employees, almost 20 percent of its staff, since 2010.
Now according to Law360 The Senate Finance Committee Thursday approved Chuck Rettig to be the next commissioner of the Internal Revenue Service, which means that the full Senate may now have the opportunity to consider his nomination.
Rettig is highly qualified to fulfill the role, and the committee would only be hurting the American taxpayer by voting against his nomination, Finance Committee Chairman Orrin Hatch, R-Utah, said.
“If confirmed, I anticipate Mr. Rettig working with Congress to modernize the IRS’ infrastructure and technology to bring the agency into the 21st century, which he pledged to do in his nomination hearing,” Hatch said.
This appointment of Mr. Reddick to be the IRS Commissioner, coupled with a 2019 IRS budget increase, further enforces our conclusion that the IRS is Back!
The House Appropriations Committee on June 13, 2018 approved a $23.4 billion Financial Services and General Government funding bill for fiscal year 2019 that includes increased spending for IRS. The Spending Bill Allots $11.6 Billion to IRS, Which is $186 Million More Than the 2018 Funding Level.
The measure provides an additional $77 million as requested by the White House to help implement the Tax Cuts and Jobs Act (TCJA; P.L. 115-97) signed into law in late 2017. Congress had already approved an additional $320 million in March 2018 for the same purpose.
Looks Like the IRS is Back in Business!
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Read more at: Tax Times blog