I thank the gentleman from Nebraska for yielding. House Republicans made a promise to the American people to fight for working-class families. And we made a promise that our first order of business under a new Republican majority would be to repeal the $80 billion Democrats gave the IRS to hire 87,000 new agents to target American working-class families. We are delivering on that promise today. This bill rescinds the IRS funds in the Inflation Reduction Act--a law that does nothing to combat inflation but everything to empower an agency that has targeted Americans. They have leaked taxpayer information, and under the Biden administration, they threatened to snoop into the bank accounts of millions of middle-class families. We know this because President Biden wrote such a proposal into his first budget as part of his agenda to expand the power of the IRS and shovel billions more to this troubled agency. At that time, we asked the Joint Committee on Taxation how many Americans might be subject to such a scheme to spy into their bank accounts. The JCT said that up to 134 million taxpayers could be targeted. So much for just going after the millionaires and the billionaires that our Democrat colleagues like to talk about.…
On the recordJanuary 9, 2023
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