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Lew Says Budget Cuts Hurt Tax Collection, IRS Enforcement

U.S. Treasury Secretary Jacob J. Lew said the automatic spending cuts known as sequestration will reduce tax collection and hurt the department by forcing it to cut back on training and postpone contracts.

“We are doing everything we can to absorb these cuts without reducing services,” Lew told a House Appropriations subcommittee in testimony prepared for a hearing today. “We have scaled back training, delayed contracts and limited purchases.”