Republicans Score Big Win in Biden’s $1.7 Trillion Budget Package
Congressional Republicans succeeded in slashing funding for the Internal Revenue Service in the negotiations over President Biden’s $1.7 trillion omnibus budget.
Senate Republicans forced Democrats and the White House to cut more than $275 million from the IRS over the next year. GOP lawmakers demanded the cut, arguing that the IRS is already slated to receive additional money over the next decade thanks to Biden’s recently passed $739 billion Inflation Reduction Act.
“This process was far from perfect, but ultimately it allowed Republican redlines to be adhered to and because of that I will urge my colleagues to support this package,” said Alabama Sen. Richard Shelby, the top Republican on the Senate Appropriations Committee.
Overall, the budget allocates $12.3 billion for the IRS — 2.2% less than the nearly $12.6 billion the agency received in the last fiscal year. The Biden administration initially sought a $1.3 billion increase for the IRS this year. (Read more from “Republicans Score Big Win in Biden’s $1.7 Trillion Budget Package” HERE)
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