CCH Tax Day Report
Congress and the White House have reached agreement on the Consolidated Appropriations Bill, 2017, which would provide federal government funding through September, including funding of the IRS. The budget bill, expected to receive broad support, is likely to be enacted by May 5, when the current one-week spending bill is set to expire.
Under the fiscal year (FY) 2017 omnibus budget bill, funding for the IRS is set at $11.2 billion, thus freezing the IRS’s budget at FY 2016 levels. The bill maintains the current level of funding for Taxpayer Services at $2.1 billion, which includes the additional $290 million that was previously provided to improve customer service.
“The Senate has been known for its bipartisanship and you’re seeing a perfect example of it on the spending bill that will be on the floor this week,” Senate Majority Leader Mitch McConnell, R-Ky., said in a May 2 press briefing. “What we are doing this week is the beginning of a number of things that we’ll do on a bipartisan basis up to and including whatever infrastructure bill is ultimately submitted by the administration and processed by the Senate,” he added.
By Jessica Jeane, Wolters Kluwer News Staff
Text of Division E—Financial Services and General Government Appropriations Act, 2017, Rules Committee Print 115-16