Republicans Vote to Revoke IRS Funding, Which Would Raise Deficit by $114B

After a week-long scuffle over the House speakership, House Republicans held their first vote with their new majority on a bill to slash over $70 billion for the Internal Revenue Service (IRS) — funding that was pegged to allow the agency to go after wealthy tax cheats. Republicans have specifically targeted the IRS funding that Democrats passed in last year’s Inflation Reduction Act…

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