House GOP Appropriators Advance Billions in Cuts to IRS, SEC

GOP lawmakers overcame Democrats’ opposition to advance a funding bill to the House floor that proposes cuts to the fiscal 2027 budgets of the IRS, Securities and Exchange Commission, and District of Columbia, while providing a slight increase to the General Services Administration buildings fund.

House Appropriations Committee lawmakers voted 34-28 to advance the Financial Services and General Government funding bill, as amended. It includes a top funding level of $25.3 billion for the next fiscal year, $1 billion less than fiscal 2026 funding. The full committee vote follows last week’s Appropriations subcommittee vote, where Republicans voted in favor of ...