January 10, 2023 2:02pm EST
White House threatens to veto GOP bill that cuts $72B from IRS
The White House said Republicans are prioritizing the wealthy over the middle-class
By Patrick Hauf | Fox News
The White House said Monday it would veto a bill that passed in the Republican majority House that would claw back $72 billion in funds used to hire tens of thousands of Internal Revenue Service (IRS) staff over the next decade.
Last year, Congress approved $80 billion in new funding for the IRS to hire staff as part of the Inflation Reduction Act, which President Biden signed into law last year. Republicans passed a bill Monday to take back most of this money, a move the White House said would help corporations and wealthy Americans cheat on their taxes.
"Far from protecting middle-class families or small businesses, H.R. 23 protects wealthy tax cheats at the expense of honest, middle-class taxpayers," the White House said in a statement. "With their first economic legislation of the new Congress, House Republicans are making clear that their top economic priority is to allow the rich and multi-billion dollar corporations to skip out on their taxes, while making life harder for ordinary, middle-class families that pay the taxes they owe. That’s their agenda; not lowering costs or cutting taxes for hardworking Americans – as President Biden has consistently advocated."
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https://www.foxnews.com/politics/white-house-threatens-veto-gop-bill-cuts-72b-irs