The House of Representatives voted late Monday to rescind over $70 billion to the Internal Revenue Service (IRS) in the first bill under the 118th Congress. It now goes to the Democrat-controlled Senate, where it has little chance of progress amid additional opposition from the White House.
The Family and Small Business Taxpayer Protection Act passed on party lines with a 221-210 vote.
The bill, sponsored by Rep. Adrian Smith (R-Neb.) and Rep. Michelle Steel (R-Calif.), fulfills a key campaign promise by newly-elected House Speaker Kevin McCarthy (R-Calif.) and House Republicans. McCarthy had announced in September 2022 that the first bill would be to repeal new IRS funding….