House advances IRS funds clawback, crypto rule block

Spending Bill With $20 Billion IRS Cut Heads to Senate

The ball is now in the Senate’s court to prevent a March 14 government shutdown, after House Republicans passed a bill Tuesday to fund agencies through Sept. 30, before adjourning for a week and a half.

The House GOP measure, which passed the chamber in an almost exclusively party-line vote, would claw back roughly $20 billion in IRS enforcement funds. That would come on top of the $20 billion already rescinded. The IRS originally received a total of about $80 billion in funds in the Democrats’ 2022 tax-and-climate law.

The ...