The GOP-led House of Representatives has voted to rescind billions of dollars in funding for the Internal Revenue Service (IRS) that was approved in the Democrats’ so-called “Inflation Reduction Act.”Lawmakers voted to rescind more than $70 billion in funding to the IRS on Monday night, in the first significant move under Republican House Speaker Kevin McCarthy’s (R-CA) leadership.The Democrats controversial legislation approved funding to hire an additional 87,000 IRS agents, most of which would target everyday Americans.
The legislation will roll back the billions of dollars of funding for the IRS approved in the Inflation Reduction Act last year.However, it leaves in place funding for customer service and improvements to IT services.The bill rescinds any funding that could be used to conduct new audits on Americans and funding that would double the agency’s current size.
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Article URL : https://slaynews.com/news/gop-led-house-votes-rescind-billions-irs-funding-approved-democrats/