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In December, Congress cut $20 billion from the IRS in a stopgap spending bill signed by President Biden, funding the government through March 2025.
Republicans, long critical of the IRS, opposed the $80 billion supplemental funding approved in 2022 for enforcement and agent hiring, successfully clawing back billions in recent spending bills. Lawmakers previously reduced IRS funding in June and May 2023, further rolling back the $80 billion allocated under Biden’s 2022 Inflation Reduction Act.
Congress’s stopgap funding bill (CR) retains policies from the prior fiscal year unless altered. In March, Biden signed the appropriations act, cutting $20 billion from IRS funding for other nondefense programs.
Since the December CR didn’t remove this language, the IRS must return another $20 billion in supplemental funding per fiscal year 2024 policy.
In June 2023, Biden signed the Fiscal Responsibility Act, cutting $1.4 billion from IRS funding. Combined with other cuts, over $40 billion of the $80 billion allocated under the IRA has been rescinded, more than half of the original amount opposed by Republicans.
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