Trump's 'attack' on the IRS could cost the government $1 trillion, former Treasury Secretary says

MSN - 07:21

Larry Summers said Trump's cuts to the IRS could cost the government $1 trillion. A Yale economist told BI that's a conservative estimate.

Ex-Treasury Secretary Larry Summers said Trump's IRS cuts could cost the government $1 trillion.
A Yale economist told BI that his estimate is conservative, and actual losses could top $2 trillion.
Trump has ordered sweeping cuts at the IRS to increase "efficiency and effectiveness" at the agency.

On Tuesday, former Treasury Secretary Lawrence Summers said that Donald Trump's "misguided, wanton attack on the IRS" could cost the governme...
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Original link, read full article here: https://www.businessinsider.com/larry-summers-donald-trump-cuts-irs-cost-government-trillion-2025-4
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