The House of Representatives voted Monday to rescind $72 billion of supplemental Internal Revenue Service (IRS) funding enacted by the previous Congress. Most of that funding is currently reserved for expanded audits and other enforcement activities. The Family and Small Business Taxpayer Protection Act, if signed into law, would keep only $8 billion of the recent $80 billion boost in the IRS’s 10-year budget. Specifically, the bill would retain the portion dedicated to taxpayer services and business systems modernization. This legislation is very unlikely to pass the Senate, let alone get President Biden's signature, so the IRS will keep its supercharged budget for now. However, that
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