Bill 119 s 175, also known as the "Rescind and Redirect Act," is a proposed piece of legislation in the US Congress. The main purpose of this bill is to rescind any unobligated balances of funds that were previously appropriated for enhancements to the Internal Revenue Service (IRS). These funds would then be redirected and used to establish an External Revenue Service.
The bill aims to shift resources away from the IRS and towards the creation of a new agency, the External Revenue Service. This new agency would likely have a different focus and priorities than the IRS, potentially leading to changes in how tax enforcement and collection are handled in the United States.
Supporters of the bill argue that the IRS has become too bloated and inefficient, and that redirecting funds to a new agency could lead to improved tax enforcement and collection efforts. Critics, however, are concerned about the potential impact on the IRS's ability to effectively carry out its duties and the potential consequences of creating a new agency.
Overall, Bill 119 s 175 is a controversial piece of legislation that seeks to reallocate funds from the IRS to a new External Revenue Service. The outcome of this bill could have significant implications for tax enforcement and collection in the United States.