Close Menu
The Politic ReviewThe Politic Review
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Trending

US war secretary threatens Russia

October 16, 2025

BREAKING: Mitch McConnell Falls Down Hard (VIDEO)

October 16, 2025

Katy Perry, Justin Trudeau Seen Kissing on Yacht

October 16, 2025
Facebook X (Twitter) Instagram
  • Donald Trump
  • Kamala Harris
  • Elections 2024
  • Elon Musk
  • Israel War
  • Ukraine War
  • Policy
  • Immigration
Facebook X (Twitter) Instagram
The Politic ReviewThe Politic Review
Newsletter
Thursday, October 16
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
The Politic ReviewThe Politic Review
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Home»Economy»Treasury Secretary Scott Bessent Visits IRS as Trump Admin Continues Agency Modernization
Economy

Treasury Secretary Scott Bessent Visits IRS as Trump Admin Continues Agency Modernization

Press RoomBy Press RoomAugust 15, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram

Treasury Secretary Scott Bessent had his first meeting with the Internal Revenue Service (IRS) as the Trump administration seeks to revamp the agency.

Bessent visited the IRS for the first time since he began serving as the acting commissioner after replacing Billy Long the prior week.

During the meeting, Secretary Bessent reiterated his three priorities for the IRS: revenue collections, privacy, and customer service.

Critics of the president have said that the administration’s efforts to modernize the IRS would result in decreased revenue, but tax receipts increased by 14.7 percent in May. Through the tax filing season, the agency brought in $2.04 trillion, an increase of $100 billion compared to last year. April receipts were also up 9.5 percent compared to 2024.

Since the IRS reprioritized customer service, the agency has processed 141 million individual tax returns and doled out $253 billion in individual refunds, which is up 3.2 percent compared to last year. IRS taxpayer services fielded 8.9 million calls, which had an average wait time of three minutes.

Notably, the agency managed to boost its customer service output while reducing operational costs and infrastructure technology spending by $2 trillion. The IRS has cancelled or modified 400 contracts at the agency, which resulted in a savings of roughly $500 million.

Prior to the start of the Trump administration, the IRS released software updates every two to three months; now, the agency updates software every two to three days.

The updates and modernization remain a critical mission of the IRS as it seeks to implement the reforms in the One Big Beautiful Bill. The Big Beautiful Bill contains over 100 new provisions affecting taxes, including no tax on tips, no tax on overtime, tax cuts for seniors, and auto loan interest deductibility.

The agency has sought to create the “most efficient” service while also protecting taxpayers’ data, a source familiar with the matter told Breitbart News in April.

A spokesperson for the U.S. Treasury Department said in a statement:

The Treasury Department is pleased to have gathered a team of long-time IRS engineers who have been identified as the most talented technical personnel. Through this coalition, they will streamline IRS systems to create the most efficient service for the American taxpayer.

“This week, the team will be participating in the IRS Roadmapping Kickoff, a seminar of various strategy sessions, as they work diligently to create efficient systems,” the spokesperson continued. “This new leadership and direction will maximize their capabilities and serve as the tech-enabled force multiplier that the IRS has needed for decades.”

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link

Related Articles

Economy

India Hints at Buying More U.S. Oil After Trump Says Narendra Modi Plans to Cut Russian Purchases

October 16, 2025
Economy

Goldman Sachs Tells Employees that AI Will Take Their Jobs

October 16, 2025
Economy

NBC News Lays Off Over 100 Employees Amid Split From MSNBC, CNBC

October 16, 2025
Economy

Breitbart Business Digest: Un-Creative Destruction — How Offshoring American Jobs Destroys Innovation

October 16, 2025
Economy

Trump Tariff Triumph: Stellantis to Invest $13 Billion in Rust Belt, Bringing Overseas Production Back to U.S.

October 16, 2025
Economy

Scott Bessent: Government Shutdown Costing ‘Up to $15 Billion a Day’

October 15, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

BREAKING: Mitch McConnell Falls Down Hard (VIDEO)

October 16, 2025

Katy Perry, Justin Trudeau Seen Kissing on Yacht

October 16, 2025

India Hints at Buying More U.S. Oil After Trump Says Narendra Modi Plans to Cut Russian Purchases

October 16, 2025

Fetterman: Healthcare Subsidies ‘Designed by the Democratic Party to Expire’, GOP Isn’t Taking Them

October 16, 2025
Latest News

House GOP leaders won’t exempt flood insurance from shutdown

October 16, 2025

Trans identity plummets among young Americans – study

October 16, 2025

Ivermectin for Arthritis? A Promising Treatment

October 16, 2025

Subscribe to News

Get the latest politics news and updates directly to your inbox.

The Politic Review is your one-stop website for the latest politics news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram Pinterest YouTube
Latest Articles

US war secretary threatens Russia

October 16, 2025

BREAKING: Mitch McConnell Falls Down Hard (VIDEO)

October 16, 2025

Katy Perry, Justin Trudeau Seen Kissing on Yacht

October 16, 2025

Subscribe to Updates

Get the latest politics news and updates directly to your inbox.

© 2025 Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.