Monday October 10, 2022 – Everyone knows Congress just voted to double the size of the IRS and increase funding by $80 Billion over the next tex years. But, what if the GOP takes Congress the November election. Will they fund the IRS expansion? Afterall, the GOP unanimously opposed the Inflation Reduction Act.
House GOP Leader Kevin McCarthy promised the first act of a new Republican majority would be to pass a bill repealing the new IRS expansion.
Is that good politics? Good policy? Or Both,. Attorney Steven A. Leahy looks at the GOP proposal on Today’s Tax Talk.