House Republicans Pass Bill Rescinding Billions in IRS Funding
On January 9, House Republicans, as the new majority, passed a bill rescinding nearly $71 billion of funding for the Internal Revenue Service (IRS). The funding had been included as a provision within the Inflation Reduction Act passed last August. The bill passed the House on a party-line vote of 221-210 amid party opposition to the agency’s expansion. The Democratic-controlled Senate and the White House have made it clear they will not support the bill, which effectively prevents it from moving forward. Read more.