House Republicans seek cuts in Dodd-Frank regulatory agencies

Measure would slash $25 million from regulator's budget

Budget Constraints

IRS Commissioner Douglas Shulman has said that budget constraints would make it harder for the agency to enforce the tax law and respond to taxpayers’ questions.

“Objectively we are the agency that brings in the money to fund the government and so we’re the one agency that has a very substantial return on investment,” he told the subcommittee March 21. “And so I think, you know, we should be treated differently and I think the president’s budget request reflects that.”

--With assistance from Richard Rubin in Washington. Editors: Maura Reynolds, Anthony Gnoffo

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