The Debt Ceiling Agreement: Lawrence Summers Expresses Concerns about IRS Provisions 

Relief on the resolution of the debt ceiling crisis 

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Acknowledgment of changes in work requirements and spending 

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Consideration of the provisions as a grave error 

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Emphasis on the policy imperative of permitting reform 

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Impact of rescinding IRS funding on future deficits 

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Risks of a compliance crisis and privileged tax cheats 

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Initial inclusion of $80 billion for IRS in the Inflation Reduction Act 

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Immediate rescission of $1.38 billion from the IRS 

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Eventual repurposing of $20 billion from the $80 billion received 

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