House Rescinds Funding of IRS Agents to the Tune of $70 Billion of Wasteful Spending

1.10.23 – $70 Billion In IRS Funding Rescinded

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EDITOR’S NOTE: The hiring of 80,000+ additional IRS agents approved last year has been shut down; with the exception of some additional customer service and IT personnel. This is great news as this would have likely only produced more overspending on government workers as well as more headaches for American households. Details below.

House Passes Bill To Rescind Over $70 Billion In IRS Funding – ZeroHedgeAuthored by Mimi Nguyen Ly via The Epoch Times

The House of Representatives voted late Monday to rescind over $70 billion to the Internal Revenue Service (IRS) in the first bill under the 118th Congress. It now goes to the Democrat-controlled Senate, where it has little chance of progress amid additional opposition from the White House.

The Family and Small Business Taxpayer Protection Act passed on party lines with a 221-210 vote.

The bill, sponsored by Rep. Adrian Smith (R-Neb.) and Rep. Michelle Steel (R-Calif.), fulfills a key campaign promise by newly-elected House Speaker Kevin McCarthy (R-Calif.) and House Republicans. McCarthy had announced in September 2022 that the first bill would be to repeal new IRS funding.

“House Republicans just voted unanimously to repeal the Democrats’ army of 87,000 IRS agents,” McCarthy said in a statement late Monday. “This was our very first act of the new Congress, because government should work for you, not against you. Promises made. Promises kept.”

The funding to the IRS was part of the 2022 Inflation Reduction Act (IRA) that Democrat President Joe Biden signed into law in August 2022. A provision in the spending packing gives nearly $80 billion in funding to the tax agency over the next 10 years.

The latest bill pushed by Republicans would leave in place funding for customer service and IT service enhancements but would rescind funding used to carry out new audits on Americans and funding to increase the size of the IRS. READ MORE