President Joe Biden has pledged to strike down a “fiscally demented” tax agenda from House Republicans, which would strip funding to and ultimately abolish the federal tax agency, explode the deficit by tens of billions and shift the nation’s tax burdens on lower-income Americans.
In remarks spanning civil rights and wealth inequality on Martin Luther King Jr Day, the president condemned the new Republican House majority and its recently passed legislation to revoke new Internal Revenue Service funding aimed at boosting compliance against tax cheats.
