Republican-led House has passed a bill to cut IRS funding.

The Republican-led House has passed a bill to cut IRS funding.

This would rescind nearly $71 billion that Congress had provided the IRS.

Kevin McCarthy had campaigned on this promise, adn the bill was passed by party-line of vote 221-210.

It is likely the Democratic-controlled Senate will not pass it.

Reportedly, the nonpartisan Congressional Budget Office projected that rescinding the extra IRS funding would increase deficits over the coming decade by more than $114 billion.

Rep. Jeff Duncan, R-S.C., said, “To go after small businesses, hard-working Americans to try to raise money for reckless spending, reckless spending that has caused $31 trillion in debt in this nation."

Duncan and other GOP lawmakers routinely say the extra funding will be used to hire 87,000 new agents to target Americans.