Debt limit bill gives Republicans IRS cuts, but Democrats say they expect little near-term impact

The bill rescinds $1.4B given to the federal tax collector in the Democrats’ health and energy package

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FILE - A sign is displayed outside the Internal Revenue Service building on May 4, 2021, in Washington. While Republicans seek to make good on campaign promises to cut IRS funding through the proposed debt ceiling and budget cuts package now moving through Congress, Democrats are offering assurances that the spending cuts will have little impact on the federal tax collector. (AP Photo/Patrick Semansky, File)

House Republicans are seeking to make good on their campaign promise to rein in the IRS with cutbacks built into the debt ceiling and budget cuts package moving through Congress.

The bill rescinds $1.4 billion given to the federal tax collector in the Democrats’ health and energy package that was approved last year on party line votes. The White House says the debt deal also includes a separate agreement to take $20 billion from the IRS over the next two years and divert those funds to other nondefense programs.

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Debt limit bill gives Republicans IRS cuts, but Democrats say they expect little near-term impact

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