The US House and Senate proposed holding IRS funding steady at $12.3 billion Thursday as part of a $1.2 trillion fiscal 2024 appropriations package that lawmakers hope to pass before a Saturday shutdown deadline.
The legislation claws back $20.2 billion in modernization funding for the tax-collection agency that Democrats had included in the 2022 tax-and-climate bill. House Speaker Mike Johnson (R-La.) said early Thursday that his chamber would take up the bill Friday.
The proposal is more than the $11.2 billion previously proposed by House Republicans and in line with the $12.3 billion previously proposed in the Senate.
The funding ...
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