The IRS is the first to take a hit from the new sheriffs in the House of Representatives. They voted on Monday night to cut billions of dollars to the Internal Revenue Service after the Democrats poured money into the agency through the Inflation Reduction Act.
House Speaker Kevin McCarthy (R-CA) used his new hard-fought gavel to see the bill passed by a vote of 221-210.
“Government should work for you, not against you. As part of the House Republican Commitment to America, I promised we would vote to repeal the Democrats’ army of 87,000 IRS agents on our very first day in the majority,” McCarthy said in a statement. “Promises made. Promises kept.”
During his first speech as House Speaker, McCarthy said that the first bill the GOP was going to vote on was to cut IRS funding. The massive increase that the Democrats had passed was estimated to be more than $80 billion over 10 years to help the IRS collect more taxes from American citizens.
The decision to cut funding to the IRS was a significant part of McCarthy’s “Commitment To America” plan. More key portions to the plan from McCarthy include:
• Ending wasteful government spending that causes increases in the price of everyday needs of the American people like groceries, gas, and housing, as well as increasing our national debt.
• Increasing the take-home pay and creating stability from good paying jobs through pro-growth tax and deregulatory policies.
• Maximizing the production of better American-made energy and preventing rolling blackouts.
• Moving supply chains away from China and enhancing America’s economic competitiveness and cyber resiliency.
The Washington Post wrote that Republicans voted to strip about $71 billion from those previously approved funds.
The bad news is that the bill is not likely to pass through the Senate.