Bill · S. 175· Senate(119-S-175)
A bill to rescind the unobligated balances of amounts appropriated for Internal Revenue Service enhancements and use such funding for an External Revenue Service.
- Introduced
- 1/21/2025
- Last activity
- 1/21/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Bernie Moreno
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill seeks to rescind all unobligated balances from amounts appropriated under section 10301 of the Inflation Reduction Act of 2022. These funds were originally intended for Internal Revenue Service enhancements. The bill proposes to use these rescinded funds to establish and administer an External Revenue Service. This action is outlined as a sense of Congress.
Yes
Would high-income households be better off under this?+2
The rescission of IRS enhancement funding may reduce the frequency and intensity of audits for high earners.
Would business owners be better off under this?+2
The bill reduces the resources available for IRS enforcement and potential audits of business entities.
Does this reduce what the federal government spends?+2
The bill rescinds unobligated balances from previous IRS appropriations.
The opposite
Does this make what the government does easier for the public to see?-2
The rescission of IRS enhancement funds may reduce the government's ability to monitor and report on tax compliance effectively.
Does this raise the taxes companies pay?-2
The bill rescinds funding for IRS enhancements, which reduces the agency's capacity for corporate tax enforcement and audits.
Would households on low incomes be better off under this?-1
Reducing IRS enforcement capabilities can impact the administration of tax credits and services that benefit low-income households.
Who it would affect, and how
Potential Positive Impacts for People
- Establishment of an External Revenue Service: The bill expresses the sense of Congress that the rescinded funds should be used for the establishment and administration of an External Revenue Service (Section 1, subsection b).
Potential Negative Impacts for People
- Rescission of IRS Enhancements: The bill rescinds all unobligated balances of amounts appropriated for Internal Revenue Service enhancements under the Inflation Reduction Act of 2022 (Section 1, subsection a).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+2Good For High Income Households+2Good For Low Income Households-1
- Governance And Ideology
- Improves Government Transparency-2
- Economy And Finance
- Reduces Government Spending+2Increases Corporate Taxes-2
- 1/21/2025
- Read twice and referred to the Committee on Finance.
- Introduced in Senate