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Story summary
- Treasury Secretary Scott Bessent says the IRS can serve taxpayers despite budget cuts, citing automation and AI.
- For fiscal 2027, IRS faces a $1.4 billion cut, reducing its budget to $10.2 billion while services stay funded and enforcement declines.
- Some lawmakers remain skeptical about relying on AI for tax collection and urge adequate staffing.
- The Inflation Reduction Act funds IRS modernization nearing completion to boost taxpayer experience and efficiency.
