Senate Infrastructure Bill Drops IRS Funding, Raising Pressure for New Revenue | WHAT REALLY HAPPENED

Senate Infrastructure Bill Drops IRS Funding, Raising Pressure for New Revenue

Lawmakers dropped plans to pay for a roughly $1 trillion infrastructure package in part by boosting tax-collecting enforcement at the Internal Revenue Service, a setback for the bipartisan measure ahead of a looming deadline for agreement.

The shift came after pushback from Republicans who were wary of granting the agency more money and power, Sen. Rob Portman (R., Ohio), one of the lead negotiators, said Sunday on CNN. Legislative aides from both parties confirmed the move.
The change means that the plan to strengthen the IRS to do more to collect taxes owed but not collected—a priority for President Biden —has stalled, at least for now. But lawmakers say it could be revived elsewhere, in a separate spending package pushed by Democrats.
The decision to exclude the IRS provision means lawmakers will have to scramble to replace it to complete the infrastructure package before a midweek deadline, and it casts new uncertainty over the talks.

Webmaster's Commentary: 

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA