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House Passes Budget Cuts for the IRS & Approves Bill to Allow Banks To Do Business With Marijuana Shops - Late Edition, July 17

Today's Taxpayer News! 

The House voted to cut more than $1 billion from the IRS’s Tax Enforcement budget. The spending cuts will likely result in fewer audits for American taxpayers. The bill heads to the Senate floor for consideration.

Keeping busy, the House also passed a bill to make it easier for banks to conduct business with marijuana shops and medical dispensaries. Rep. Earl Perlmutter (D- CO) is skeptical of the bill and believes crime rates will rise. Read here for more!