U.S. Congressional Budget Office News on The Federal Newswire

Recent News About U.S. Congressional Budget Office

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  Banks: 'Democrats are treating hardworking taxpayers as suspected cheats and squeezing them dry to pay for their radical agenda'

  U.S. Rep. Jim Banks (R-IN) has introduced legislation that would repeal funding dedicated for 87,000 new IRS employees, which was included in the Inflation Reduction Act. Instead, Banks' legislation would use the funds to increase and make permanent the standard deduction in the Tax Cuts and Jobs Act (TCJA).

  By David Beasley

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