Democrats want Israel and Ukraine funding to be linked together. House Republicans are proposing a standalone bill with roughly $14 billion for Israel offset with cuts to the Internal Revenue Service.
House Speaker Mike Johnson delivers remarks at the U.S. Capitol on Wednesday. House Republicans have since introduced a bill that would give some $14 billion to Israel and cut that same amount from the IRS.House Speaker Mike Johnson delivers remarks at the U.S. Capitol on Wednesday. House Republicans have since introduced a bill that would give some $14 billion to Israel and cut that same amount from the IRS.
Still, Johnson stressed the need to prioritize standalone aid to Israel while offsetting the costs. He said standing with Israel is a"more immediate need than IRS agents." The IRS has said it will use that money to update its decades-old computer systems, improve customer service and step up enforcement for collecting the estimated $600 billion in taxes thatJohnson said the bill aims to take some of the IRS funds to deal with the immediate national security need, adding that"we'll deal with the rest of that issue later."that the idea of offsetting the cost of foreign aid is a sensible approach, given the U.S.' sizable deficit and debt.
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US House Republicans unveil bill to fund Israel by cutting IRS budgetU.S. House of Representatives Republicans on Monday introduced a plan to provide $14.3 billion in aid to Israel by cutting funding for the Internal Revenue Service, setting up a showdown with Democrats who control the Senate.
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US House Republicans unveil bill to fund Israel by cutting IRS budgetUS House Republicans unveil bill to fund Israel by cutting IRS budget
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House Republicans Propose Aiding Israel By Cutting IRS Funding From Biden’s Inflation Reduction ActI am a Colorado-based reporter. Before joining Forbes, I covered education and local government in Fort Collins, Colorado. I am a graduate of Creighton University, where I got a BA in journalism, and Arizona State University, where I got an MA in investigative journalism. Send tips at mbohannonforbes.com and follow me on Twitter molboha.
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House GOP Unveils Bill to Fund Israel by Cutting IRS BudgetHouse Republicans on Monday introduced a plan to provide $14.3 billion in aid to Israel by cutting funding for the Internal Revenue Service, setting up a showdown with Democrats who control the Senate. In one of the first major policy actions under new House Speaker Mike ...
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House GOP demands IRS budget cuts to pay for Israel aidGOP proposes cutting Internal Revenue Service funds aimed at cracking down on rich tax cheats and improving taxpayer service.
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House GOP unveils $14.3 billion Israel aid bill that would cut funding to IRSThe House GOP's proposed bill cuts sets up a battle with the White House and the Senate over how to support Israel.
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