Committee Approves Bill to End IRS Privatization Program

The House Ways and Means Committee has approved HR 3056- the legislative package that will end the IRS private debt collection program- by a vote of 23 to 18. Great! This morning, the Joint Committee on Taxation released its interpretation of a Chairman's amendment to the bill. if passed, it will not affect contracts that have already been issued to private debt collectors. That sounds fair, as the debt collectors who have contracts might take a loss if the program is ended wholesale.
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