As I understand it, half the funding would come from savings that would occur only if the reorganization proposed by the IRS would not occur, but the reorganization is supported by Treasury. The IRS actually has objected to the reorganization delay that is contained in another amendment that is on this bill. It is not clear whether or not that reorganization amendment is going to be sustained. I had one conversation with Secretary of Treasury Rubin about that.
Bob Kerrey: “As I understand it, half the funding would come from savings that would occur only if the reorganization proposed by the…”
Editor's note · Context
Discussing IRS reorganization and its implications for funding during a floor speech.
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