GOP rescinds IRS funding to hire 87,000 new inspectors
The Republican majority in the House of Representatives unamimously passed the first bill. Kevin McCarthy announced the measure in his inauguration speech.
This Monday, the Republican Party unanimously passed their first bill after winning a majority in the House of Representatives. The measure, which is the first initiative taken on by the 118th Congress, consists of cutting Internal Revenue Service (IRS) funds that would be used to hire some 87,000 new tax inspectors. During his inauguration speech, the new Speaker of the House, Kevin McCarthy, confirmed that this would be the first measure to be taken:
Upon approval, McCarthy issued the following statement:
"The last thing we need is 87,000 IRS agents harassing us"
Monica De La Cruz, Republican representative for Texas' 15th District, said that Americans will be protected from IRS "overreach":
Republican Congresswoman for Georgia's 14th District, Marjorie Taylor Greene celebrated "defunding 87,000 IRS Agents (that target) American families" and Elise Stefanik, a New York GOP representative, backed De La Cruz's words by stating that "America needs to support border agents, police officers, and service members NOT more IRS agents targeting small businesses and families."
A "reckless bill"
The Biden Administration's response was not long in coming. The White House estimated that this repeal will increase the deficit by billions:
The administration further noted that the GOP's priority is to "make life difficult for middle-class families":