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July 17—House passes bill with deep cuts to IRS funding.

21 Jul

 

On July 16, the House, by a vote of 228 to 195, passed H.R.5016, the “Financial Services and General Government Appropriations Act, 2015,” as amended. Initially, the bill had included $10.95 billion funding for IRS—a $341 million reduction from the 2014 fiscal year enacted level and $1.5 billion below the President’s budget request. Later amendments to the bill would cut more than $1.1 billion from IRS funding. The White House has indicated that the President would likely veto the bill.

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Posted by on July 21, 2014 in Tax Relief

 

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