Here’s how House Republicans’ Israel-aid bill could add $30 billion to the deficit

1 min read
75 views

House Republicans have released a proposal to grant Israel billions of dollars in military aid and to pay for it by cutting funding to the Internal Revenue Service, but experts say that the move would increase the federal budget deficit by more than the cost of the aid itself.

The GOP plan would provide $14.3 billion in aid to Israel, in line with what President Joe Biden requested earlier this month, but it purports to offset that spending with a $14.3 billion cut to funding for the IRS.

Now…

Read the full article here

Leave a Reply

Your email address will not be published.

Previous Story

‘Bootgate’ is bigger than Ron DeSantis — there’s real bias against shorter people at work

Next Story

Chevron’s Global Ambitions Are Hitting Expensive Snags

Latest from Economy