Extremist GOPers in Congress are continuing to target the IRS – a longtime political punching bag – after Democrats appropriated billions in new funding to help modernize the nation’s tax collector. Can't have that, though - they might penalize some Republican billionaires! Via CNN:
Most recently, Republican lawmakers secured a concession from Democrats to speed up a $20 billion cut, previously agreed to last June to avoid a US default.
Rather than cut $10 billion this year and another $10 billion next year from the IRS, all $20 billion would be rescinded in 2024 under an agreement reached Sunday on 2024 top-line budget numbers. The deal is a key first step to avoid a looming, partial government shutdown, but plenty of work remains before lawmakers reach a broader deal on a final 2024 spending bill.
Meanwhile, Republican presidential candidates Ron DeSantis and Vivek Ramaswamy have suggested they would gut the IRS, along with some other federal agencies.
