IRS Predicts DOGE Lost Half a Trillion Dollars for the USA [View all]
Source: Talking Points Memo
March 22, 2025 8:30 p.m.
The Post reports today that the IRS’s internal projections estimate that the DOGE-driven disruptions to the IRS since the inauguration are on track to have reduced tax receipts by more than $500 billion by April 15th.
This, to be clear, is not a final tally. It’s not April 15th yet. It’s a projection based on historical data, the number of people who’ve filed, paid owed amounts of tax etc.
It’s worth taking a moment to put this number into some context in case half a trillion dollars doesn’t do it for you.
Non-defense discretionary spending is the cost to fund the US government once you take out mandatory spending (mostly Social Security, Medicare and Medicaid) and the cost of the US military. For 2023 that number was $917 billion. So that’s most of the stuff we think of as the government, apart from those payment programs and the military.
Read more: https://talkingpointsmemo.com/edblog/irs-predicts-doge-lost-half-a-trillion-dollars-for-the-usa
Link to WaPo article - https://www.washingtonpost.com/business/2025/03/22/irs-tax-revenue-loss-federal-budget/
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