Republican leaders in the House proposed legislation this week to strip the Internal Revenue Service of much of the $80 billion in extra funding it won in last year's Inflation Reduction Act as a gambit to reopen negotiations with the Biden administration over increasing the debt limit, while calling for the Justice Department to investigate allegations by an IRS whistleblower of a coverup involving Hunter Biden's taxes.
House Speaker Kevin McCarthy, R-California, introduced a bill Wednesday that would impose spending cuts of billions of dollars, estimating it would save the federal government $4.5 trillion over the next 10 years, while allowing the government to raise the debt ceiling by $1.5 trillion to avoid a default this year. The 320-page bill would repeal most of the extra funding dedicated to the IRS in the Inflation Reduction Act, especially the amount dedicated to extra tax enforcement, along with incentives for clean energy tax credits. The bill would also block student loan forgiveness and debt cancellation, expand work requirements for Medicaid and food stamp recipients, return discretionary spending for federal agencies to fiscal year 2022 levels and limit future spending growth to 1% a year. It's unlikely to be passed by the Senate, and may not even be passed by the House, but it represents a gambit by McCarthy to reopen talks with the Biden administration over increasing the debt limit, while President Biden and Democrats have called for a "clean" bill...
The Trump administration’s fraud prosecution of the Southern Poverty Law Center is set for arraignment on Thursday afternoon. Ahead of the scheduled court appearance in Alabama, defense lawyers fo...