House lawmakers advance steeper IRS cuts than what Trump proposed

House lawmakers advance steeper IRS cuts than what Trump proposed

House lawmakers are advancing a spending bill with deeper IRS funding cuts than what the Trump administration envisioned. The House Appropriations Committee voted 35-28 to advance the financial services and general government funding bill for fiscal 2026. The bill, which is now headed for a full House vote, would give the IRS a $9.5 billion budget next year, a 23% cut from current spending levels. The Trump administration in June proposed giving…