House Republicans Slash IRS Funding on First Day of Legislative Work

On Monday, Republicans in the House of Representatives fulfilled a key campaign promise by passing a bill to rescind a massive funding boost for the IRS. Formally titled the “Family and Small Business Taxpayer Protection Act,” it is the first bill passed by the GOP-controlled house. The funding boost, which was signed into law last year, provided $80 billion in funding to the IRS for the purpose of upping high-income enforcement and was included in last year’s Inflation Reduction Act. The Republican bill directs any “unobligated balances of amounts appropriated or otherwise made available” to the IRS from the Inflation Reduction Act to be rescinded.

The Congressional Budget Office estimates that the legislation would eliminate about $71 billion of the total $80 billion but would reduce tax revenue by about $186 billion. The bill also leaves in place funding for customer service and improvements to IT services at the IRS.

Representative Adrian Smith, R-Neb, who is heading the bill told Fox Digital, “The last thing the American people need right now are more audits from an out-of-control, bloated IRS. The Inflation Act funding for IRS would lead to the hiring of 87,000 new IRS employees tasked with raising enough revenue to pay for Democrats’ Green New Deal priorities.”

“Our bill leaves in place funding for customer service and IT improvements because IRS is in desperate need of reform, but it protects middle-class families from audits they cannot afford,” he added.

Newly elected House Majority Leader Mitch McConnell also showed his support for the bill in the days leading up to the vote. “On the very first day, we’ll repeal the 87,000 new IRS agents because we think the government should be there to help you, not to go after you,” McCarthy said.

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9 thoughts on “House Republicans Slash IRS Funding on First Day of Legislative Work”

  1. If the Republican led controlled Congressneeds to cut spending that went out of control ice-cream happy Pelosi, do not touch Social Security, Pensions, and un-nessassary Military Spending that will make the Military much better than is.

  2. I am cautiously encouraged that some in congress are hearing the voices of the people the are SUPPOSED to represent.
    Anxious to see if this is just a rue.

  3. Congratulations if you see the destruction of this out of control bill that funds 87,000 more IRS agents! Please keep me informed of the bills you have worked on going forward! You guys just might save America!

  4. I’ll be watching to see which Republicans don’t vote to approve the replacement of the income tax with the Fair Tax, the real answer to our terrible tax system. Those who are actually conservatives and want to improve the tax system will vote for the Fair Tax. Democrats and others who want to retain the income tax and use it to manipulate the system for the benefit of their favored special interests, including the rich, will vote against the change. With the Fair Tax, everyone will finally pay his fair share. Tax shelters will be eliminated; if you make the purchase, you pay the tax, period. Image also never again having to file a Federal income tax return every year. There will no longer be a need for the massive and expensive IRS.