House Republicans fulfilled a key campaign promise on Monday, passing legislation to rescind the bulk of an IRS funding boost signed into law last year, marking the first bill passed by the GOP-controlled House this Congress.
The bill, which is unlikely to see action in the Democratic-controlled Senate, passed in a party-line 221-210 vote on Monday evening.
Speaker Kevin McCarthy (R-Calif.) announced that the first bill for a GOP-controlled House would be to repeal the new IRS funding in September, when House Republicans released their “Commitment to America” midterm policy and messaging platform ahead of the election.
A boost of about $80 billion in IRS funding over a decade generally aimed at upping high-income enforcement was included in last year’s Inflation Reduction Act, Democrats’ sweeping tax, health and climate bill. ... Read More: The Hill