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Posts tagged as “The Congressional Budget Office”

White House Issues First Veto Threat of New Congress Targeting House Republican Bill to Rescind IRS Funding

The White House has issued its first veto threat of the new Congress, targeting a House Republican bill that would rescind funding allotted to the Internal Revenue Service (IRS) in the Inflation Reduction Act. The administration has stated that the bill would increase the deficit by nearly $115 billion over 10 years, and enable wealthy tax cheats to engage in…