In historic fashion, Kevin McCarthy was able to hang on to his position as Speaker of the House. Many right leaning house members felt that McCarthy was unworthy to retain the position, so they were reluctant to give him the necessary votes without major concessions and rules packages. Two of the major packages include spending cuts on legislation meant to raise the debt limit, and a cap on discretionary spending. Democrat representatives fear these rules and packages will lead to a government shutdown later in the year.
The first major policy decision made by the new GOP House was to target the IRS. Specifically, the goal was to slash IRS funding and undo legislation that expanded the agency, which was passed by the outgoing Democrat led House. The rules package would reverse Biden’s $80 billion overhaul of the IRS, including the hiring of 87,000 new IRS agents/employees. Unfortunately for the GOP, it is likely that the motion will not pass the Democrat led Senate.
This move by McCarthy and the GOP House signifies a commitment to campaign promises and attempts to roll back the legislative agenda of the Biden Administration. Many democrats argue however, that Republicans are cutting IRS funding in order to protect major corporations and the rich from IRS audits.
This blog post is part of the CIMA Law Group blog. If you are located in Arizona and are seeking legal services, CIMA Law Group specializes in Immigration Law, Criminal Defense, Personal Injury, and Government Relations.
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