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House Republicans have proposed a $14.3 billion aid package for Israel, separate from the Ukraine aid, against the wishes of Joe Biden and Senate GOP leadership. The plan involves cutting funding for the Internal Revenue Service (IRS) to offset the Israel aid. Budget experts warn that this move would increase the deficit by $12.5 billion over the next decade and decrease revenue by $26.7 billion. The White House has stated that Biden would veto the bill if it does not include aid for Ukraine.
House GOP’s Israel-IRS bill could add more than $26 billion to deficit: CBO https://t.co/rVlvvInQcf
The House GOP's Israel aid bill is projected to grow the federal deficit by $12.5 billion over the next decade, according to the Congressional Budget Office's calculations. https://t.co/OFkW9XN65T
The House Republican bill backed by Speaker Mike Johnson to provide aid to Israel and cut IRS funding will add $26.8 billion to the deficit, according to a report by the nonpartisan Congressional Budget Office. https://t.co/jpd5rCh9Nf
The House Republican bill to provide aid to Israel will add $26.8 billion to the U.S. budget deficit, according to a new report by the nonpartisan Congressional Budget Office.
The House Republican bill backed by Speaker Mike Johnson to provide aid to Israel and cut IRS funding will add $26.8 billion to the deficit, according to a report by the nonpartisan Congressional Budget Office. https://t.co/tOI8eYps1J
House GOP’s Israel-IRS bill could add over $12 billion to deficit: Congressional Budget Office https://t.co/dzqmy9Ndim https://t.co/INLCx6gkqh
CBO scores the House GOP Israel Aid bill that would prohibit the CBO from scoring the bill if it becomes law. CBO says the bill would add ~$12.5B to the deficit due to a projected $26.8B revenue decline from reduced IRS funding. https://t.co/Uk2QBD9VEa
House Republican proposal to fund $14.3 billion in emergency aid to Israel via cuts to the IRS would add $12.5 billion to the U.S. deficit over the next decade, while decreasing revenue by $26.7 billion (per Congressional Budget Office report) https://t.co/EnYL0FtqH7
CBO says the GOP’s plan to offset $14.3 billion in Israel aid by clawing back IRS funding would increase the deficit by $12.5 billion over 10 years due to lost revenue: https://t.co/UpbtzLZkyd
US HOUSE REPUBLICANS' ISRAEL-ONLY AID BILL FACES OPPOSITION IN SENATE (Reuters) U.S. senators expressed doubts about House of Representatives Republicans' plan to provide $14.3 billion in aid to Israel by cutting funding for the IRS, without providing aid to Ukraine. https://t.co/3Ze6VrolgO
House Republicans are looking to put together a $14 billion Israel aid package—by cutting IRS funding. https://t.co/awT3Zn775I
GOP plan to "offset" Israel aid with IRS cuts would backfire, budget experts warn https://t.co/WFDnW5YRov https://t.co/mD0ffdcU2Y
BREAKING: Biden hints he will veto any Republican bill providing aid to Israel but excluding aid for Ukraine. https://t.co/tvOgSQCGed
US President Joe Biden will veto a package of measures to support Israel, which excludes aid to Ukraine, the people of Gaza and allies in the Indo-Pacific region. This is reported by the White House. https://t.co/biMyJWsULZ
US President Joe Biden will not support a bill to allocate aid only to Israel without taking into account the interests of Ukraine, the White House Budget Office said. Biden will veto this document if it is passed by Congress. https://t.co/rOAupyC6Wg
Joe Biden will veto the bill on aid to Israel if the House of Representatives approves it in its current form without taking into account the interests of Ukraine - White House. Let us recall that earlier the Republicans presented a bill that would provide $14.3 billion in aid… https://t.co/u0UKViQbNF
The Hill: Biden would veto GOP's Israel aid package without funding for Ukraine. U.S. President Joe Biden would likely veto a bill put forward by House Republicans to provide aid to Israel without including funding for Ukraine and other priorities, The Hill reported on Oct. 31,… https://t.co/t5kbJDOSB4
Biden would veto House GOP’s Israel aid package, White House says https://t.co/0pzB97FmmD https://t.co/Q1uACvXrxJ
President Biden to veto Republicans' Israel aid package https://t.co/WtpHFeEn1k https://t.co/ea8SwrLK40
The White House warns that Biden would veto House Republicans' Israel aid bill that would be paid for with cuts to the IRS https://t.co/6SqVhnTUE1
Biden would veto House GOP’s Israel aid package, White House says https://t.co/pFiam9b0pO https://t.co/yc3UTnCtZQ
Update: White House: Biden will use his veto against a request by the House of Representatives for aid to Israel that does not include Ukraine.
Biden Threatens to Veto Israel Aid Bill https://t.co/9N9DVPILoD
Republicans introduce $14.5 billion Israel aid bill, but they're funding it by taking the money away from the IRS https://t.co/jrM6Wo3Ase https://t.co/jrM6Wo3Ase
House Speaker Mike Johnson said Israel can only have $14.3 billion in aid if the IRS cuts funding to enforce compliance by rich taxpayers. Republicans have a line requiring the Congressional Budget Office ignore the budgetary cost of this gift. https://t.co/atn04YdKLU
House Republicans are looking to put together a $14 billion Israel aid package—by cutting IRS funding. https://t.co/awT3Zn7EVg
House GOP unveils $14.3 billion Israel aid bill that would cut funding to IRS, per CBS.
U.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 Israel has $206 billion in cash reserves sitting in their bank
US HOUSE REPUBLICANS UNVEIL BILL TO FUND ISRAEL BY CUTTING IRS BUDGET (Reuters) U.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… https://t.co/RQTaXvQLFp https://t.co/nDZSWcttNW
US House of Representatives Republicans 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 https://t.co/CYK2CHqDs4
JUST IN: New Republican House Speaker Mike Johnson has unveiled a $14.3 billion aid package to Israel that would simultaneously cut $14.3 from the IRS. Some of the money to Israel would fund their new 'Iron Beam' as well as their Iron Dome defense system. The cuts would slash… https://t.co/WkKyjvBunZ https://t.co/89byu9VyB5
House Republicans unveiled a $14.3 billion aid package for Israel, a show of support for the embattled U.S. ally amid its war against Hamas. https://t.co/2OBBgeAKPm https://t.co/2emPoIHw8n
House GOP's $14B Israel aid bill offset with cuts to IRS cash in Biden's Inflation Reduction Act https://t.co/FDRXxwWdbj
House Republicans Propose Aiding Israel By Cutting IRS Funding From Biden’s Inflation Reduction Act https://t.co/F8GdLW4tvO https://t.co/84DCl1PqQA
US 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. https://t.co/2zYjTCC86t
Maya MacGuineas @BudgetHawks on GOP plan t pay for Israel aid by cutting IRS funding: Worse than not paying for it at all. Instead of costing $14 billion, House bill will add $30 billion to the debt. Instead of avoiding new borrowing, this plan doubles down on it.
House Republicans unveiled a $14.3 billion aid package for Israel, a show of support for the embattled U.S. ally amid its war against Hamas. https://t.co/fysQefYQo2 https://t.co/zNUBlueHS6
House Republicans, led by Speaker Mike Johnson, unveiled a $14.3 billion Israel aid plan that breaks with the Biden administration on how to handle assistance for the conflict https://t.co/f90Mw4Grq4
NEWS: As reported by @JakeSherman, House Republicans plan to offer $14.3 billion in Israel aid that will offset $14.3 bllion in cuts to IRS from the Inflation Reduction Act. It’s early but @SpeakerJohnson is quickly showing that he’s THAT GUY.
House GOP wants to offset $14.3 million Israel supplemental with IRS funding from the Inflation Reduction Act, per text: https://t.co/p7QOxl5l9w https://t.co/4A9OnVXUPA
House Republicans to move on providing Israel with more than $14 billion in emergency assistance, splitting it from Ukraine aid — against the wishes of Joe Biden and Senate GOP leadership https://t.co/LOYFYzLD5p