The nonpartisan Congressional Budget Office projected that rescinding the extra IRS funding would increase deficits over the coming decade by more than $114 billion.
House Republicans began their tenure in the majority Monday by passing a bill that would rescind nearly $71 billion that Congress had provided the IRS, fulfilling a campaign promise even though the legislation is unlikely to advance further.
The bill to rescind the money passed the House on a party-line vote of 221-210. The Democratic-controlled Senate has vowed to ignore it. “To go after small businesses, hard-working Americans to try to raise money for reckless spending, reckless spending that has caused $31 trillion in debt in this nation," Duncan said.
Charles Rettig, the former commissioner of the IRS, said in a final message to the agency in November that the additional money would help in many areas, not just beefing up tax enforcement. He said the investments would make it “even less likely for honest taxpayers to hear from the IRS or receive an audit letter.”
In April, Rettig told lawmakers the agency’s budget has decreased by more than 15% over the past decade when accounting for inflation and said the number of full-time employees — 79,000 in the last fiscal year — was close to 1974 levels. Sen. Ron Wyden, the Democratic chairman of the Senate Finance Committee, said a decade of Republican-led budget cuts gutted the IRS.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Congressional rules reforms 'make it easier' to add to debt, budget hawk group claimsProvisions in the House rules package for the 118th Congress are poised to undercut fiscal constraints in the budgeting process, a budget hawk group claimed.
Leer más »
House Republicans' IRS cuts would add over $100B to deficit: Budget OfficeThe first proposal would cut $71 billion in funding for the IRS, impacting the agency's ability to enforce collections from the wealthy.
Leer más »
Top TV '22: The Slap, congressional docudrama and royal lossFrom a real-life war to a long-awaited fictional showdown, many shocking moments played out on TV in 2022
Leer más »
Arizona's congressional delegation shift: How did we get here and what happens next?Arizona's redistricting process had more to do with Republican gains in the state's House delegation than voter trends.
Leer más »
Brazilians Terrified That Riot Could Lead To Tedious Congressional HearingsRIO DE JANEIRO—In the wake of a pro-Bolsonaro mob storming the nation’s capital, Brazilians expressed terror Monday that the riot could lead to years of tedious congressional hearings. “Oh God, we’re going to have to sit through month after month of these bone-dry meetings where grandstanding politicians pat…
Leer más »