This is Garrison Hardie with your CrossPolitic Daily Newsbrief for Tuesday, January 10th, 2023. Happy Tuesday everyone! I hope your week is going well for you and yours in this new year… and speaking of this new year!
 
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https://www.foxnews.com/politics/irs-chopping-block-first-day-legislative-work-speaker-mccarthy
 
IRS on the chopping block on first day of legislative work under Speaker McCarthy
 
The House of Representatives is slated to vote on a bill Monday night that would cut more than $70 billion in Internal Revenue Service funding in an effort to prevent the agency from conducting new audits on Americans — fulfilling newly elected House Speaker Kevin McCarthy’s promise ahead of taking the gavel.
 
The Family and Small Business Taxpayer Protection Act from Reps. Adrian Smith, R-Neb., and Michelle Steel, R-Calif., would roll back the billions of dollars of funding for the IRS that was approved in the Inflation Reduction Act last year.
 
Smith’s bill leaves in place funding for customer service and improvements to IT services at the IRS but rescinds several categories of unobligated funding, including money that could be used to conduct any new audits on Americans. In total, it would claw back $72 billion of the funding Congress approved for the IRS last year.
 
The Inflation Reduction Act granted an $80 billion boost to the IRS over a 10-year period, and more than half of those funds were aimed at helping the agency crack down on tax evasion. In 2021, the Treasury Department estimated that $80 billion would be used to hire 87,000 auditors and other new staff. Republicans have said they would fight this aggressive expansion that would more than double the agency’s current size.
 
"The last thing the American people need right now are more audits from an out-of-control, bloated IRS," Smith told Fox News Digital on Monday. "The Inflation Act funding for IRS would lead to the hiring of 87,000 new IRS employees tasked with raising enough revenue to pay for Democrats’ Green New Deal priorities."
 
In an exclusive interview with Fox News Digital just days before the midterm elections, McCarthy vowed that if he became speaker of the House, protecting Americans from the IRS would be his first order of business.
 
https://www.foxnews.com/politics/whats-house-rules-package-tough-limits-federal-spending
 
What's in it: House GOP rules package aims to curb trillions in yearly heaps of new debt
 
A 55-page set of rules for the House that Speaker Kevin McCarthy hopes to pass on Monday will set ambitious new curbs on federal spending, part of the GOP's effort to stop piling on trillions of dollars in new debt each year.
 
One of the biggest changes is a return to a "Cut-As-You-Go" policy that says legislation cannot be considered if it increases mandatory spending over a 5- or 10-year period. This "CUTGO" policy requires bills that call for new spending to find offsetting spending cuts elsewhere in the federal budget.
 
That is a more aggressive stance compared to the "Pay-As-You-Go" policy under Democratic control. "PAYGO" also requires offsets to new spending, but those offsets can either be spending cuts or tax increases – and in either case, PAYGO rules were often waived entirely by Democrats.
 
The decision to go with CUTGO shows the new GOP’s aversion to possible tax hikes, which can be se