We do have a lot of work to dig into this year, and I am excited to get started.
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I want to thank everybody for coming to this hearing of the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
It will take a collective effort here in Congress and among our regulators to craft a legal framework.
There will be hits and misses with digital assets.
I'm excited to note our unprecedented cooperation with the House Financial Services Committee in this effort.
We are tasked with examining digital asset markets and I think, most importantly, understanding what are the gaps in this regulatory framework.
I thought it was an insurrection at that time, I still think it was an insurrection today.
I think it was, yes, it was an attack on the Capitol.
I am deeply concerned that the IRS has made more IRA funds committed to promoting the administration's radical energy agenda than for improving taxpayer services.
It just seems like the way this skews--you think about 4 percent for taxpayer services.
I am working with Senator Grassley on an IRS Funding Accountability Act, which hopefully will bring some transparency and accountability.
I am deeply concerned that the IRS has made more IRA funds committed to promoting the administration's radical energy agenda than for improving taxpayer services.
It just seems like the way this skews--you think about 4 percent for taxpayer services.
Only 4 percent, $3.2 billion of the overall funds, go toward taxpayer service.
Equally focused on improving taxpayer services and improving the IRS's capacity to unpack complex returns.
I am deeply concerned that the IRS has made more IRA funds committed to promoting the administration's radical energy agenda than for improving taxpayer services.
I am working with Senator Grassley on an IRS Funding Accountability Act, which hopefully will bring some transparency and accountability to this massive infusion of dollars and resources and employees the IRS now has.
It just seems like the way this skews--you think about 4 percent for taxpayer services.