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House GOP's first 'policy' vote is a gift to wealthy tax cheats, securing Biden's first veto threat [1]
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Date: 2023-01-09
The first “policy” vote of the new Republican-controlled House of Representatives continued with their theme of capitulation to the extreme right, and more pointedly the people who fund the political careers of the far right. They voted along party lines, 221 to 210, to rescind the more than $70 billion in IRS funding included in the Inflation Reduction Act to help the agency modernize and more effectively do its job.
The Congressional Budget Office scored the bill, and determined that if that $70 billion was rescinded for real (it won’t be, the Senate won’t do it), it would decrease federal revenue by more than double that amount—$186 billion. That’s $186 billion in lost revenue FOR the nation’s coffers between now and 2032. That means it would actually cost the nation more than $114 billion in the next decade.
Yes, the party of fiscal responsibility.
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[1] Url:
https://www.dailykos.com/stories/2023/1/9/2146347/-House-GOP-s-first-policy-vote-is-a-gift-to-wealthy-tax-cheats-securing-Biden-s-first-veto-threat
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