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Thursday, October 13, 2011

The IRS Has A Union?

The union representing the IRS says jobs and national revenue will be lost if budget cuts are passed. IRS faces a $450 million cut in the Senate 2012 appropriations bill. The House version would cut $600 million. The National Treasury Employees Union, which represents IRS employees, said the magnitude of the cuts could force the agency to slash 4,200 jobs and lead to $4 billion less in revenue collected every year. Lawmakers have until Nov. 18th to pass a new budget before the current continuing resolution expires.

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