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House GOP passes bill to slash IRS funding in first act of new Congress
Link: https://www.axios.com/2023/01/10/house-republicans-irs-funding
The Republican-controlled House passed a bill Monday night that would slash tens of billions of funding dollars for the Internal Revenue Service. | The bill is unlikely to pass the Democratic-led Senate, but its presence at the top of the House GOP agenda suggests that IRS funding could be a reoccurring sticking point in future budget clashes. It's the first piece of legislation passed in the 118th Congress. Driving the news: The bill that passed 221-210 along party lines targets the IRS funding boost in the Democrats' Inflation Reduction Act passed last year. The big picture: Republican lawmakers during last year's midterm election zeroed in on the increase in IRS funding — about $80 billion over 10 years. GOP lawmakers falsely claimed that President Biden was hiring 87,000 IRS agents to investigate everyday Americans, per the New York Times. Between the lines: The nonpartisan Congressional Budget Office released a report that found House Republicans' IRS legislation would increase the budget deficit by $114 billion over 10 years. What they're saying: The White House criticized the measure as "reckless" in a statement Monday before the vote.
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