Speaker Mike Johnson's $14.3 billion Israel aid package was heralded by conservatives for offsetting the funding from the IRS, but a report from the Congressional Budget Office says the offset really isn't an offset.
Speaker of the House Mike Johnson, R-La., speaks at an annual leadership meeting of the Republican Jewish Coalition, Saturday, Oct. 28, 2023, in Las Vegas. Speaker Mike Johnson’s $14.3 billion Israel aid package was heralded by conservatives for offsetting the funding from the IRS, but a report from the Congressional Budget Office says the offset really isn’t an offset.
Moving the IRS funding, which was part of a $80 billion spending infusion into the agency from the Inflation Reduction Act, to the Israel aid package would increase the deficit by $12.6 billion over the next decade, according to the report. Mr. Johnson’s Israel proposal was a response to President Biden’s sweeping $106 billion emergency supplemental request that included funding for Ukraine, Israel, Taiwan and his administration’s U.S.-Mexico border policies.
So Mr. Johnson produced a slimmed-down proposal that would give only Israel funding to aid in the country’s war against Hamas.
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