First House GOP Bill Would Hike Deficit by $114 Billion

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First House GOP Bill Would Hike Deficit by $114 Billion

January 9, 2023 at 5:02 pm EST By Taegan Goddard 5 Comments

https://politicalwire.com/2023/01/09/first-house-gop-bill-would-hike-deficit-by-114-billion/

"SNIP.......

“After voting on the adoption of a rules package Monday night, the House plans to vote on a bill from Rep. Adrian Smith (R-NE) that would yank back about $80 billion in IRS funding, which Democrats included in their party-line tax, climate and health bill last year,” Politico reports.

“But the Congressional Budget Office has put a big pricetag on this first legislative priority.”

“The CBO estimates that the bill to roll back IRS funding will increase the deficit by more than $114 billion over a decade, reducing spending by more than $71 billion and decreasing revenues by nearly $186 billion.”

.......SNIP"