House GOP kicks off majority with vote to slash IRS funding
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, according to a report from the Associated Press.
Shortly before the vote, the nonpartisan Congressional Budget Office projected that rescinding the extra IRS funding would increase deficits over the coming decade by more than $114 billion.
Democrats had beefed up the IRS over the next decade to help offset the cost of top health and environmental priorities passed last year and to replenish an agency struggling to provide basic services to taxpayers and ensure fairness in tax compliance.
The Democratic-controlled Senate has vowed to ignore the House bill.