S. 175 proposes to cancel the unused funds that were set aside for improving the Internal Revenue Service (IRS) through the "Inflation Reduction Act of 2022." The bill suggests that the money saved from this cancellation should instead be used to create and manage a new...
Simple Explanation
S. 175 is a bill that wants to take money that was supposed to be used to make the IRS better and use it to make something new called the "External Revenue Service," but it doesn't say much about what that new thing is or what it should do.