correction
A previous version of this column incorrectly said Congress rescinded $1.4 trillion from IRS budgets in recent legislation raising the debt limit. It rescinded $1.4 billion. This column has been corrected.
In the weeks since threatening to cause a global economic crisis over their avowed desire to reduce deficits, Republican lawmakers are again pushing legislation that would increase deficits.
By billions upon billions of dollars.
On Thursday, for instance, a House appropriations subcommittee marked up a bill covering Internal Revenue Service funding for fiscal 2024. This legislation would slash more than $1 billion — roughly 9 percent of annual funding — from the agency relative to last year. After adjusting for inflation, the IRS would be down to its lowest annual appropriations levels so far this century.
