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IRS Funding Cut: Less Money for Tax Agency

This bill aims to take back funds previously allocated to the Internal Revenue Service (IRS) under an earlier act. This means the IRS will have less money for its operations, potentially affecting the speed of taxpayer services and tax return processing. At the same time, the bill requires the IRS to submit a plan for improving its service efficiency.
Key points
Reduction of the Internal Revenue Service (IRS) budget by rescinding previously appropriated funds.
Potential slowdown in taxpayer services and tax return processing due to reduced resources.
Requirement for the IRS to submit a plan within 90 days detailing how it will improve the efficiency of its services, including tax return processing.
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Additional Information
Print number: 117_HR_8769
Sponsor: Rep. Van Drew, Jefferson [R-NJ-2]
Process start date: 2022-09-02