House GOP Plan To Offset Israel Aid With IRS Funding Would Expand National Debt Via Reduced Enforcement: CBO
Posted on AllSides November 1st, 2023
From The Right
House GOP Plan To Offset Israel Aid With IRS Funding Would Expand National Debt Via Reduced Enforcement: CBO A GOP plan to offset $14.3 billion in aid to Israel by reducing the IRS's roughly $60 billion boost from the Inflation Reduction Act ($80 billion less negotiated cuts) would backfire and add around $30 billion to the national debt, because - according to both the CBO and the Committee for a Responsible Federal Budget (CRFB), it would reduce the amount that the agency will be able to collect via audits. Speaker...