Trump team under fire for delaying IRS report on the impact of his tax cuts: ‘I think they’re hiding stuff’

The Trump administration is holding back an IRS data report that would offer the first detailed look at how the president's One Big Beautiful Bill Act has affected taxpayers. The IRS site lists the release as pending, though it was due in July and again in September. According to Politico, the agency is waiting for Treasury Department approval. The delay comes just before the midterm elections, as the White House presents the law as a success, according to The Independent.

Critics suspect concealment. Nina Olsen, executive director of the Center for Taxpayer Rights, told Politico she believes officials are hiding information that contradicts IRS chief Frank Bisignano's boasting. A report published October 8 by the Institute on Taxation and Economic Policy concluded that the law mainly favors wealthy people and corporations. Its author, Steve Wamhoff, said the typical American in every income group pays more, while only the top 1 percent comes out ahead.

The IRS has also not published its estimates of uncollected taxes since the one showing roughly $700 billion unpaid in 2022. This summer, the Treasury inspector general found audit revenue fell by more than a third, alongside a 27 percent cut in enforcement staffing.

Summarized by PolitiKool from The Independent’s reporting. Read the full story at The Independent →