If the republicans win the house can they block the $80 billion to the IRS ? If so how? What could they do since Biden already signed it into law? What if they get both houses ?
They want to weaponize MMT. In other words, if we are going to mail checks to everybody ( esp people claiming dependants, maybe just make sure they have some dependents)
These are two different things, politics and US equity market. More important is the balance sheet reduction from FED and its interest rate hikes with an upcoming recession. So it would not matter where is boss in politics house. But if Republican win senate too and then president is a lame duck, so that could be contraproductive. But again you should not expect any higher correlation between S&P500 index and politics.
Impeach Federal officials and play havoc with the budget. We the people are actually in a proxy war with China(virus and bribes). Our political class is no longer ours.
It’s the law, Bro. Don’t you file an EZ? The Party of Law and Order doesn’t have the sophistication of an 11yo in Civics class. You may be r*tarded. it’s codified. Meaning it cannot be reversed outside of an Amendment (or abrogation).
It can easily be reversed - and it will be. All funding bills (by law) must originate in the House. The House will simply NOT FUND the initiative from here forward and it will die. There are literally hundreds of LAWS passed over the years that politicians bragged about that have never seen a dollar of funding and never been effectively enacted. It happens all the time.
Appropriations legislation passed by the House and posted as a draft bill by the Senate Appropriations Committee would increase IRS funding by 13.88 percent in FY 2022. The BBB Act would provide the IRS with supplemental funding of nearly $80 billion to be used over the next 10 years.
Maybe they can hold the debt ceiling hostage? Or they can say the “ enforcement part’ goes to technology and not auditors / emforcenent officers?