Biden To Give Up IRS Funding That Fights Rich Tax Evaders In Debt Ceiling Fight
May 27, 2023
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10:25Now PlayingBiden To Give Up IRS Funding That Fights Rich Tax Evaders In Debt Ceiling Fight
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as posted by the channelPresident Joe Biden is signaling he may give up the Internal Revenue Service funding part of the Inflation Reduction Act in order to prevent a government default. Cenk Uygur, John Iadarola and Farron Cousins discuss on The Young Turks.
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"The White House is looking at trading away part of a historic boost in Internal Revenue Service funding it won last year as part of President Joe Biden’s Inflation Reduction Act in order to seal a deal to raise the debt limit and avoid an unprecedented government default.
The New York Times reported Thursday that the White House was offering to redirect $10 billion of the $80 billion boost in IRS funding to ease Republican-proposed cuts in the annual spending that goes to non-defense federal agencies and programs."
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