"Very first bill"

McCarthy pledges repeal of #IRS funding meant to target wealthy tax cheats

About $80 billion was included in the Inflation Reduction Act last year, with IRS Commissioner Charles Rettig saying the funding would only be used to increase audits of households making $400,000 per year or more.

#MOG
l.smartnews.com/5Kbdo/NYtls3

@mog7546 β€œFirst CBO score of the new Congress is here.

Says that the GOP IRS funding bill would reduce spending by $71.5B and reduce revenue by $185.8B.

Net deficit increase of $114B.”
Richard Rubin

cbo.gov/system/files/2023-01/h

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