The Internal Revenue Service would face a “devastating” loss of $4 billion in revenue collected each year if proposed cuts of up to $600 million are made from the agency’s budget, Colleen Kelley, president of the National Treasury Employees Union warned Wednesday.

While the cuts might mean savings on the front end, they would result in far less money available for every federal agency the public depends on for services, she said, including responsible for the health and safety of the public. Keep reading →