Senate passes TAS Act:
The Senate unanimously approved the Taxpayer Assistance and Service Act, a set of 65 bipartisan reforms to modernize the IRS and ...
accountingtoday.com/news/senate-unanimously-passes-tas-act
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government agency responsible for the intake of government revenue, tax administration in some jurisdiction
type of legislative body, often the upper house or chamber of a bicameral legislature
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Key FactsU.S. House backs bill to cut IRS funding
Jan 10, 2023 · Reading time: ~45 sec.
Summary created with AI assistance · Source: newsweek.com
Summary created with AI assistance · Source: newsweek.com
- The U.S. House passed the bill on January 9, 2023, by 221–210 votes along party lines.
- Republicans claimed the funds would finance 87,000 new audit agents; Democrats and fact-checkers disputed that all would conduct audits.
- Some of the $80 billion was intended for customer service, IT upgrades, and replacing an estimated 50,000 departing workers.
- The Congressional Budget Office estimated that the bill would increase the deficit by approximately $114 billion.
The last thing the American people need right now are more audits from an out-of-control, bloated IRS.— Adrian Smith (R-Nebraska), in a statement after the bill was passed.
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