(Bloomberg) The Internal Revenue Service budget would be cut by 24 percent under a House Republican proposal that would create new restrictions on the tax agency.

The $9 billion IRS budget proposal, released today in Washington, includes new limits on videos, bonuses and conferences after reports about overspending. The plan would withhold 10 percent of the agency’s enforcement budget until the IRS inspector general confirms that it has implemented all of the recommendations made in a report on the agency’s scrutiny of small-government groups.

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