The U.S. House of Representatives has voted 221-210 to rescind more than $70 billion from the $80 billion granted to the IRS last year by the Inflation Reduction Act. The Family and Small Business Taxpayer Protection Act removed funding which would have been used to hire 87,000 new IRS agents and money that would have been used to target Americans with new audits but leaves intact funding for customer service and planned improvements to agency IT. Rep. Adrian Smith (R-NE) who co-sponsored the bill with Rep. Michelle Steel (R-CA) said, “The last thing the American people need right now are more audits from an out-of-control, bloated IRS.”
