House to Vote on Bill Aimed at Slashing $72 Billion From IRS

Monday, January 9, 2023 | Tag Cloud Tags: , ,

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(Worthy News) – The House is set to vote on a bill Monday night that would slash billions from the IRS, fulfilling newly elected GOP Speaker Kevin McCarthy’s pledge to cut the agency’s funding in an effort to prevent audits on Americans.

Introduced by Reps. Adrian Smith, R-Neb., and Michelle Steel, R-Calif., the Family and Small Business Taxpayer Protection Act would claw back $72 billion in funding for the IRS that was approved by Congress last year in the Inflation Reduction Act.

The Smith-Steel bill leaves funding in place for customer service and IT improvements at the agency but cuts several categories of unobligated funding, including money that could be used for new audits on Americans. [ Source: NewsMax (Read More…) ]

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