After losing over a billion dollars in funding and 18,000 staff between 2010 and 2017, Republicans have reversed course and have begun providing IRS with additional funding to implement their new tax law. Yet, taxpayer service is cut by $15 million.
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The SEC, which is tasked with protecting investors and ensuring fairness in our capital markets, is cut by over $200 million, even though the commission’s budget is financed by industry fees, not taxpayer funds.
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The CDFI fund is inexplicably cut by $59 million in this bill. This means fewer resources to spur economic growth & revitalization in our most underserved & neglected communities. Cutting a bipartisan program by +20% means less affordable housing & key infrastructure.
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The FSGG bill would also interfere in the local affairs of the District: repealing law allowing DC to use its own funds w/o Congressional approval, prohibiting funds for DC needle exchange programs, blocking local legalization of marijuana, banning DC’s Death w/ Dignity Act &more
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