Biden would veto the defunding bill if it ever passed

President Joe Biden said he would veto the first bill passed by the newly Republican-led House of Representatives, which would significantly cut funding for the Internal Revenue Service. House Republicans on Monday passed the Family and Small Business Taxpayer Protection Act by a vote of 221-210 along party lines. The bill would repeal a portion of the 2022 Inflation Reduction Act, passed by Democrats in Congress, that gave $80 billion to the IRS to increase enforcement, modernize internal systems, and replace retiring employees. The government would lose an estimated $185 billion in revenue over the next decade if the bill became law due to a lack of financing for infrastructure to ensure that individuals and businesses pay the taxes they owe. Republicans in Congress have repeatedly mischaracterized how the new IRS funding would be used, and have falsely claimed that IRS auditors would be targeting middle-class taxpayers, even suggesting that most of the agents would be armed.