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Morning Joe 4/25/23

Morning Joe

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The GOP Threatens to Vote to Repeal the Inflation Reduction Act

The IRS collected $68 billion through its audit process and getting people to pay what they owe. But there's another $428 billion a year that the IRS was not collecting because it didn't have the staff basically to enforce its rules. The Congressional Budget Office estimates thinks is going to happen with an additional $80 billion of funding from Congress. That gives you a net cumulative of $100 billion of deficit reduction over this period of time between now and 20, 31.

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