The White House said Monday it would veto a GOP-backed bill that passed in the House that would cut $72 billion from the Internal Revenue Services to hire thousands of staff and agents.
“Far from protecting middle-class families or small businesses, H.R. 23 protects wealthy tax cheats at the expense of honest, middle-class taxpayers,” the White House said in a statement after the bill was passed.
“With their first economic legislation of the new Congress, House Republicans are making clear that their top economic priority is to allow the rich and multi-billion dollar corporations to skip out on their taxes, while making life harder for ordinary, middle-class families that pay the taxes they owe,” the White House said. “That’s their agenda; not lowering costs or cutting taxes for hardworking Americans—as President Biden has consistently advocated.”…