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BREAKING NEWS

Rep. Huizenga submits bill to slash IRS funding by 25 pct.

Updated: Tuesday, July 15, 2014

WASHINGTON, D.C. (NEWSCHANNEL 3) - The U.S. House has adopted an amendment that would slash the budget for the Internal Revenue Service's tax enforcement division by $1.2 billion.

It's part of the Financial Services and General Government Appropriations Act for 2015 by Congressman Bill Huizenga.

The 25 percent cut would mean fewer audits of taxpayers and make it more likely that people who cheat on their taxes will get away with it.

The White House has already issued a veto threat on the legislation, saying it shortchanges the IRS, impedes execution of the new healthcare law, and undercuts new regulations.

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