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“This is one of the reasons we are having initial meetings today and have had other meetings in the last few days on this topic. There are other ways to do it. There is legislation, one called Medicare Rebate Rule, which provides significant income, ”Portman said Sunday on CNN’s“ State of the Union ”. “I spoke a lot on the phone with the Congressional Budget Office and the Joint Committee on Taxation this weekend. And we have a number of pay-for. And it’s important that he gets paid.
The deal reportedly provided a $ 40 billion budgetary boost to the Internal Revenue Service after decades of cuts, funding that would presumably allow the IRS’s enforcement division to collect unpaid taxes. A recent IRS study indicates that the annual tax gap between 2011 and 2013 was $ 441 billion, and a Treasury Department analysis used that figure to project a gap of $ 584 billion for 2019.
The Senate left town last week with a lot of unfinished business on the bipartisan infrastructure deal, despite Senate Majority Leader Chuck Schumer’s attempt to push it forward by advancing a floor vote on Wednesday.
The IRS application was already on the verge of disappearing Thursday night.
Portman did not say whether or not the bill could be finalized within Schumer’s “arbitrary time frame”, but said it was “more important to get it right.”
“We are still negotiating. In fact, last night I was negotiating some of the final details with the White House and later today we will have further negotiations with Republicans and Democrats meeting to put this bill on a very unusual course for Washington. “, did he declare. mentionned.
“It’s a bit confusing for people because it’s actually 11 Republicans and 11 Democrats putting it all together. Chuck Schumer, with all due respect, is not writing the bill. Neither is [Senate Minority Leader] Mitch McConnell, by the way. That’s why we shouldn’t have an arbitrary deadline of Wednesday.
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