Was Live Friday, Apr 11, 2025 | 11am PST
Related Coverage
- Story | What’s Next For U.S. Taxes?
- Playlist | Video Highlights from this Briefing
Guest Speakers
- Michael Kaercher, Deputy Director, NYU Tax Law Center; Former IRS Attorney
- Natasha Sarin, Professor of Law and Finance, Yale Law School and Yale School of Management
- Richard Prisinzano, Director of Policy Analysis, The Budget Lab
- Aravind Boddupalli, Senior Research Associate, Tax Policy Center
Event Overview
As this year’s tax season draws to a close, the Internal Revenue Service (IRS) is undergoing a dramatic transformation. The agency is expected to slash thousands of jobs, reducing its workforce by 18% by late May, as planned by billionaire Elon Musk under the banner of the Department of Government Efficiency (DOGE). While the stated goal is to cut costs, experts warn that these staffing reductions could reduce government revenue by as much as $395 billion over the next decade.
At the same time, the Republican-controlled Congress is pushing to extend the 2017 Trump-era tax cuts. Analysts estimate the extension would add $4 trillion to the national debt over ten years, with the majority of the benefits flowing to the wealthiest Americans.
A panel of leading tax experts will explore the far-reaching implications of these changes on government revenue, the economy, and taxpayers across the country.
Presented by ACoM
Cover Image Credit: Canva Photos