In January, Speaker McCarthy dropped the gavel and said, "promises made" as the Republican-controlled House approved its first bill rescinding funding for the 87,000 IRS agents.

On Monday, the Internal Revenue Service (IRS) announced new regulations for a voluntary tip-reporting scheme between the government and employers in a variety of service industries such as entertainment, hospitality, housekeeping, and others.

"This guidance contains a notice of proposed revenue procedure establishing the Service Industry Tip Compliance Agreement (SITCA) program," according to the IRS Notice.

"SITCA is a voluntary tip reporting program between the Internal Revenue Service and employers in the service industry (excluding the gaming industry) that is designed to enhance tax compliance through the use of agreements instead of traditional audit techniques."