Congress stripped IRS of another $20 billion in government shutdown fight
Revelation 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- Congress revoked an additional $20 billion from the Internal Revenue Service last week when lawmakers averted a government shutdown, a cut that may undo many of President Joe Biden’s efforts to improve customer service at the tax agency and train fresh scrutiny on wealthy tax cheats.
- Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 billion as part of a 2023 budget deal. Shortly afterward, Republicans vowed they’d be back for more IRS cuts.
- And because of the way lawmakers extended government funding into March, an additional $20 billion in cuts came automatically.
- When Congress approved a stopgap funding bill, called a continuing resolution, all the existing policy from the previous fiscal year was carried forward unless new text was specifically added to the bill to change it.
- There was no language in the bill to undo last year’s cut, so it repeated in the new law.
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