Special to SEGAZINE
U.S. Rep. Tom Graves (R-GA-14) and the House Appropriations Committee today passed the Fiscal Year 2015 Financial Services and General Government Appropriations bill, which cut the Internal Revenue Service (IRS) budget by $341 million, putting the scandal-ridden agency’s funding at pre-2008 levels.
“With all the targeting, wasteful spending, negligence and apparent illegal activity, the IRS has earned itself a major budget cut,” said Rep. Graves. “Absent a viable path to abolish the entire agency, the IRS should receive the bare minimum it needs to perform essential duties and meet its legal obligations.”
In addition to cutting overall funding, the Appropriations Committee put new restrictions on IRS employee bonuses and barred any funding in the bill from being used to implement proposed regulations on tax exempt 501(c)(4) groups, including those that were targeted by the IRS for their conservative beliefs.
The bill also prohibits the IRS from using any funding to implement Obamacare’s individual mandate and prevents the IRS from receiving fund transfers from the Department of Health and Human Services for Obamacare uses.
The next step for the financial services appropriations bill is to go before the entire House of Representatives for a vote.