The recent passage of a minibus spending bill has resulted in significant financial adjustments, including the rescission of $20.2 billion from President Biden's IRS expansion plan, aimed at reducing nearly half of the funding for 87,000 new IRS agents, and the retraction of $6 billion in unused COVID-era funds. This move, led by House Republicans, is part of a broader effort to reduce government spending and regulatory reach into FY25. The bill also prevents the banning of gas stoves, a provision that has been met with approval by those opposing further restrictions on consumer choices and economic impacts. Additionally, the bill maintains a general ban on government funding for most abortions, reflecting ongoing legislative priorities.
The bill maintains a general ban on government funding for most abortions, claws back billions of dollars from the IRS and blocks the Consumer Product Safety Commission from banning gas stoves. https://t.co/U8dZTM6yTe
Banning gas stoves will only limit consumer choice, hurt our economy, and cause the cost of both appliances and electricity bills to skyrocket. Happy to see a provision in the appropriations package today that will prevent the effort to ban gas stoves. https://t.co/OKO0MqAYdV
House Republicans use final spending bill to put an end to attempts to restrict gas stoves https://t.co/8USuT5TAJt https://t.co/8USuT5TAJt
The government funding bill delivers on a key promise House Rs made to taxpayers: to block Biden's 87,000 new IRS agents. Republicans are forcing Biden to open up his signature legislation & repeal roughly half ($20B) of the IRA-boosted funding for increased audits of taxpayers.
Government funding deal secures $20.2B in cuts to boosted IRS enforcement funding to ramp up audits. House Rs forced Biden to open up his signature legislation just one Congress later & agree to cut nearly half of the funding for 87K new IRS agents. More cuts possible for FY25. https://t.co/sw12GpfnUH https://t.co/FEz26XFYBo
A) Johnson on minibus spending bill: The bill also includes the additional cuts secured in January’s topline agreement by rescinding $20.2 billion from President Biden’s IRS expansion and taking back another $6 billion in unused COVID-era slush funds.