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’30 Years Behind Schedule And $15 Billion Over Budget’: Treasury Adviser Sounds Alarm About IRS

Sam Corcos, a special advisor to the U.S. Treasury Department, said on Thursday that “Ingraham’s Angle” the IRS is not only scheduled for 30 years, but is $15 billion more than the budget.

In February, a call to cut the IRS just before February 20 reported that the report had launched layoffs between 120 and 150 employees from the Denver office. In “Ingraham’s Angle,” Corcos joined U.S. Treasury Secretary Scott Bescent. Host Laura Ingraham asked Corcos if he led him to that position and what his number one goal was. (Related: Americans have been found to be able to submit taxes smoothly without thousands of IRS bureaucrats)

“I was brought in to look at the IRS modernization program, especially the operational and maintenance budget,” Corcos said. “I really care about this country. This is a huge program that is currently 30 years behind, and is already $15 billion beyond the budget.”

“Wait, wait, wait a minute,” Ingraham said. “Explain your audience what this program is in amateur language.”

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In 2021, former President Joe Biden’s administration proposed adding 87,000 employees to the IRS over a decade to crack down on tax cheating. Additionally, the administration has tried to increase the IRS’ budget by $80 billion, but if Biden tried to get approval, the proposal would likely have failed Congress.

Corcos detailed the IRS infrastructure in detail, saying his challenge is to understand how to move current systems to more modern ones.

“The IRS has a considerable amount of legacy infrastructure,” says Corcos. “It’s actually very similar to what the banks use. It’s an old mainframe running Cobol and Assembly. The challenge is how to migrate it to a modern system. Almost every bank has already done this, but still uses many of the same system.”

“In the industry, this usually costs a few years, perhaps hundreds of millions of dollars. We’re now 35 years in this program,” Corcos says. “We actually, if you ask them now, it’s five years from now, and it’s five years from 1990. It should be delivered in 1996, and it’s still five years from now.”

The Trump administration reportedly plans to cut more than 20% of IRS staff at the Taxpayer Advocacy Service (TAS). According to To the Washington Post. Of TAS’s current 1,900 employees, an estimated 430 are expected to be cut early, with more than 90 employees reporting that they have either received a delayed resignation offer or have already been fired this year.

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