Treasury Secretary Janet Yellen condemned Republican efforts to claw back funding for the IRS in its effort to provide Israel with $14 billion in aid.
Treasury Secretary Janet Yellen on Tuesday defended the IRS against funding cuts proposed by Republican lawmakers in exchange for more than $14 billion in aid to Israel in its war against Hamas. "The current proposals to cut funding for the IRS make this an especially crucial time to talk about the importance of this work," Yellen said during remarks delivered at the IRS headquarters in Washington. "Playing politics with IRS funding is unacceptable.
lawmakers said the IRS cuts would save taxpayer money and help to offset spending on other measures. However, the nonpartisan Congressional Budget Office has projected that reducing the agency's funding will actually cause the federal deficit to grow by more than $26 billion. Senate Democrats and the White House have called the bill a nonstarter, with Biden vowing to veto it if it reaches his desk.
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