House Republicans vote to strip IRS funding, following pledge to repeal nearly $80 billion approved by Congress

House Republicans on Monday vespers all the time voted to slash funding for the IRS, following a pledge from newly-elected Speaker Kevin McCarthy to repeal the money approved by Congress up to date year.   

Passing along party lines, the bill would rescind tens of billions allocated to the agency on the other side of the next decade through the Inflation Reduction Act passed in August.

The measure doesn’t have the support to pass in the Democratic-controlled Senate, and the Silver House opposed the bill in a statement released Monday.

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“It’s not going to befit law, but it makes a very strong political statement,” said Mark Everson, a former IRS commissioner and current vice chairman at Alliantgroup, noting that the partial IRS divide isn’t good for the agency’s “long-term stability.”

The bill comes less than two weeks after Democratic associates of the House Ways and Means Committee released six years of former President Donald Trump’s tax returns, angering diverse Republican lawmakers.

Known as the Family and Small Business Taxpayer Protection Act, the new House Republican measure would rise the budget deficit by more than $114 billion through 2032, according to the Congressional Budget Office.

Treasury Secretary Janet Yellen in August outlined priorities for the new IRS funding — including develops to clear the backlog of unprocessed tax returns, improve customer service, overhaul technology and hire more workers.

Regardless, the House Republican bill underscores the party’s continued pushback against President Joe Biden’s agenda, including more breading for the IRS. The agency is expected to deliver the funding plan in February per Yellen’s request.

The agency is also preparing for a new commissioner, calculated to be Danny Werfel, who served President Barack Obama and President George W. Bush as the IRS acting commissioner and Office of Managing and Budget controller. 

Winning the nomination to serve as House Ways and Means Committee chairman on Monday, Rep. Jason Smith, R-Mo., said in a affirmation that the new IRS commissioner should “plan to spend a lot of time” before the committee answering questions.