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Cuts Just $10B From 80B Hike For IRS

Speaker of the House Kevin McCarthy, R-Calif., walks in the Capitol Rotunda on Capitol Hill in Washington, Sunday, May 21, 2023. (AP Photo/Patrick Semansky)
  • The deal would cut $10 billion from an $80 billion budget increase for the Internal Revenue Service that Biden won as part of his Inflation Reduction Act.
  • Republicans have warned of a wave of agents and audits while Democrats said the increase would pay for itself through less tax cheating.
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