The Internal Revenue Service (IRS) has released its plan to spend $80 billion in funding over the next decade, with Commissioner Danny Werfel reassuring taxpayers that they don't need to worry about an increase in audits. The money is meant to support the agency in cracking down on tax cheats and providing better service to taxpayers, with the IRS expected to collect more than $100 billion in new revenue over a 10-year period. The agency plans to use the money to improve customer service, update outdated technology, and hire additional staff to help with enforcement and compliance.
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House Republicans have proposed a plan to tackle the debt ceiling and roll back President Joe Biden's Inflation Reduction Act, which has been met with criticism from both sides of the aisle. The proposal, which is unlikely to become law, includes cutting student debt relief, Covid-19 funds, climate change funding, and capping discretionary spending. White House Press Secretary Jen Psaki has said the proposal "would be a major step backward for the American people and our economy."
House Speaker Kevin McCarthy and Minority Leader Hakeem Jeffries have agreed to create a bipartisan task force to establish a process to remove members from committees. Republican Rep. Nancy Mace of South Carolina has been offered the position of chair, while Rep. Tom Cole of Oklahoma and Rep. Henry Cuellar of Texas have also been asked to serve. The task force is a response to the fallout from McCarthy's decision to call for a vote of the full House that removed Rep. Ilhan Omar, D-Minn., from the Foreign Affairs Committee, and will be an important step in ensuring the U.S. continues to provide support to Ukraine in its fight against Russia.