Nothing has been slashed, nothing has been reduced. In real terms, both the IRS and the Coast Guard budgets (and everything else) continue to grow dramatically, and the CG budget for example has grown by millions in just the past three years. The "cuts" you hear so much about are cuts to the even higher projected growth, or cuts to even bigger budget requests.
Next time I get a 3% annual raise at work I think I'll scream and yell and wring my hands that my salary was cut, because I really wanted and needed and expected a 50% raise.