Soon after the U.S. House reconvenes Monday to vote on the rules package containing many of the concessions House Speaker Kevin McCarthy made to secure to votes of far-right Republicans, the party is also expected to introduce what the new leader said early Saturday would be its "very first bill": a proposal repealing new Internal Revenue Service funding meant to help audit the wealthiest Americans.
About $80 billion was included in the Inflation Reduction Act last year, with IRS Commissioner Charles Rettig saying the funding would only be used to increase audits of households making $400,000 per year or more.
