TokyoTokyo Mon - Fri 10:00-18:00 +81 (368) 662-975
info@mountequitygroup.com

Senator: Bipartisan infrastructure bill loses IRS provision | Business

Mount Equity Group Tokyo, Japan > News > Business > Senator: Bipartisan infrastructure bill loses IRS provision | Business

WASHINGTON (AP) — A proposal to strengthen IRS enforcement to crack down on tax scofflaws and help fund a nearly $1 trillion bipartisan infrastructure spending is officially off the table, Republican Sen. Rob Portman said Sunday.

Portman, who is involved in negotiating the bill, cited “pushback” from fellow Republican lawmakers who dislike the idea of expanding the reach of the IRS, which they have accused over the years of unfairly targeting conservatives. He said another reason the IRS provision was shelved is that Democrats are including a more robust enforcement plan in a separate $3.5 trillion infrastructure bill that they intend to pass through the Senate using special budget rules and without Republican votes.

“That created quite a problem because the general agreement is that this is the…

Read more…