WASHINGTON, DC – U.S. Senators John Barrasso and Cynthia Lummis, both R-Wyo., joined Senators John Thune (R-S.D.) and Chuck Grassley (R-Iowa) in introducing the IRS Funding Accountability Act. This legislation holds the IRS accountable for the $80 billion in new funding from the Democrats’ reckless tax and spending bill.
The IRS Funding Accountability Act protects taxpayer dollars, prevents wasteful spending, and measures improvements to the IRS. The bill gives Congress a direct say in how this new funding can be spent in order to provide more transparency for the American people.
The bill also requires the IRS to submit regular reports to Congress before accessing the money from the reckless tax and spending bill.
“Joe Biden and the Democrats want to give the IRS more power to squeeze as much money as they can out of hardworking Americans,” said Senator Barrasso. “Our legislation ensures that taxpayer money is not abused by a supersized IRS and holds the service accountable for irresponsible and wasteful spending.”
“The hardworking people of Wyoming should not be subject to frivolous audits to help pay for the Democrats’ reckless tax and spending spree,” said Senator Lummis. “This commonsense legislation will hold the IRS accountable by ensuring the American people know exactly how this increased funding is being spent.”
The legislation is also co-sponsored by U.S. Sens. Mike Braun (R-Ind.), Richard Burr (R-N.C.), Bill Cassidy (R-La.), Mike Crapo (R-Idaho), John Cornyn (R-Texas), Steve Daines (R-Mont.), James Lankford (R-Okla.), Rob Portman (R-Ohio), Ben Sasse (R-Neb.), Pat Toomey (R-Pa.), and Todd Young (R-Ind.).