Musk hints that the IRS will undergo an audit by the Department of Government Efficiency (DOGE) or drastically cut the $20 billion budget

Elon Musk released a survey on X last night, indicating that the IRS expressed a desire to increase its budget by $20 billion, asking netizens whether it should be increased, maintained, reduced, or eliminated. The result showed that as high as 60% of people voted to eliminate the budget... (Background: Trump wants regulatory agencies filled with crypto-friendly officials, new SEC chairperson candidates exposed) (Background: Countdown to Gary Gensler's departure) Coinbase's legal counsel: The new SEC chair will significantly reduce crypto enforcement) Elon Musk will officially take charge of the Department of Government Efficiency (DOGE) next year. Previously, Trump stated that the responsibility of DOGE is to provide recommendations and guidance for reducing government regulation and spending through released reports, thereby streamlining the U.S. government. Musk stated at a Trump rally held at Madison Square Garden in New York City in October: Your money is being wasted, the Department of Government Efficiency will address this issue. We will no longer let the government entangle you, nor will we take money from your wallets. In this context, Watcher.Guru earlier released a post indicating that Musk's Department of Government Efficiency (DOGE) will audit the IRS. JUST IN: Elon Musk says the IRS will be audited by the Department of Government Efficiency (DOGE). — Watcher.Guru (@WatcherGuru) November 27, 2024 Currently, the official has not confirmed whether such authority will be granted to the Department of Government Efficiency, but Musk released a survey on X last night, indicating that the IRS expressed a desire to increase its budget by $20 billion, asking netizens whether it should be increased, maintained, reduced, or eliminated. So far, more than 210,000 people have participated in the vote, with as high as 60% voting to eliminate the budget. Although this does not mean that Musk really has the power to decide the IRS's budget, it may also suggest that after taking office, he may push for significant budget cuts across various departments. The IRS just said it wants $20B more money. Do you think its budget should be: — Elon Musk (@elonmusk) November 27, 2024 Just before Musk's tweet, U.S. Deputy Treasury Secretary Wally Adeyemo publicly called for providing the IRS with billions of dollars more funding. Adeyemo claimed that without this funding, the national deficit would increase by about $140 billion, thereby reducing thousands of audits on the wealthy and large corporations. Related reports SEC chair congratulates the 16th anniversary of Bitcoin white paper, will Gary Gensler's high-pressure policies retreat? How would Trump's presidential win impact the crypto space? These three friendly factions could become SEC chairpersons "to lead a large-scale popularization" Trump announces Musk to lead the Department of Government Efficiency DOGE: dismantling the bureaucratic system, Shiba Inu LOGO exposed Standard Chartered: The probability of Trump incorporating Bitcoin into U.S. strategic reserves is low, but he will overturn the SAB121 crypto accounting law after taking office "Musk hints that the IRS will undergo an audit by the Department of Government Efficiency (DOGE) or drastically cut the $20 billion budget" this article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).