GOP plan to fund Israel aid with IRS cuts would cost $90 billion

House Republicans’ plan to pay for emergency aid to Israel by cutting the Internal Revenue Service’s budget would 👉increase the deficit by $90 billion over 10 years, the chief of the tax agency said Tuesday.


Seeking to pay for $14 billion of proposed aid to Israel sought by both parties, Speaker Mike Johnson on Monday unveiled legislation that would 👉cut roughly $14 billion from funds recently approved by Democrats to expand the IRS.

But Daniel Werfel, who was nominated by President Biden as the IRS commissioner last year, said the cuts would lead to greater expense by 👉reducing audits of the wealthy and large corporations and hampering the agency’s ability to collect revenue that funds the government.

https://www.washingtonpost.com/business/2023/11/01/israel-aid-irs-gop/