HILL TAX BRIEFING: IRS Funding Fight Looms, GOP Balances EV Credits

June 20, 2023, 10:14 AM UTC

House appropriators are gearing up for a big debate as soon as this week over legislation that sets funding levels for agencies, including the IRS.

The House GOP’s proposal cuts discretionary spending to fiscal 2022 levels, roughly a $130 billion reduction. Lawmakers cut deepest into the Financial Services appropriations bill, reducing it by more than half below the enacted level. The bill funds the IRS as well as Treasury and General Services.

The bill markup is tentatively set for June 22, Rep. Steve Womack (R-Ark.) said last week.

Womack, who holds the subcommittee gavel that oversees Financial Services appropriations, demurred ...

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