Wednesday, January 11, 2023

The first thing that Republican members of the US House do is to help the wealthy

Well, the 2nd thing.


:)


They may have been divided on who their Speaker would be, but they were united on this.


From Quartz via Yahoo! -

Republicans’ first bill makes tax fraud easier for high earners

Republicans set the tone for their next two years running the House of Representatives by enacting legislation that would add $114 billion to the deficit over the next decade, according to the Congressional Budget Office.

The bill in question, passed by House Republicans on Monday, repealed new funding for the IRS that the government authorized last year as part of its Inflation Reduction Act. That funding—some $80 billion—would have gone to hire new staffers, upgrade technology, and generally strengthen enforcement. The goal of the funding was to reduce the estimated 13% of taxes that are annually owed but never paid to the government, equal to about $428 billion last year, or about a third of the federal deficit.


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