House Republicans are demanding that funding for Israel in this moment of crisis be tied to budget cuts for the IRS
House Republicans, led by Speaker Mike Johnson, are demanding that funding for Israel in this moment of crisis be tied to budget cuts that would undermine the ability of the Internal Revenue Service to crack down on wealthy tax cheats.
A case in point is the current demand by House Republicans that funding for Israel in this moment of crisis be tied to budget cuts that would undermine the ability of the Internal Revenue Service to crack down on wealthy tax cheats. This should be a major scandal, but my suspicion is that many voters just won’t accept the idea that GOP leaders would do something so cartoonishly villainous.
The latest GOP proposal is, by any reasonable standard, even worse than these earlier initiatives. I mean, holding national security hostage unless we make it easier for wealthy tax cheats to break the law? Who would do that? First, the idea that cutting the IRS budget would somehow help pay for aid to Israel is utterly wrong. America has a huge “tax gap” — taxes legally owed but not paid. The bulk of that tax gap probably comes from wealthy Americans underreporting their incomes, which they can get away with because the IRS lacks the resources to fully enforce the law.
Furthermore, enabling tax evasion doesn’t help all businesses equally; it biases the economy toward activities, often unproductive, where tax fraud is relatively easy, such as real estate speculation. Did I mention that the Trump Organization has been convicted of tax fraud?
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MTG blasts House Republicans who voted to table Tlaib censure motionBrady Knox is a breaking news reporter for the Washington Examiner with a particular focus on Russia, Eastern Europe, and foreign affairs. Hailing from Pittsburgh, he graduated from Miami University in 2022 with a bachelor's degree in Russian, Eastern European, and Eurasian studies and political science. He was in St.
Read more »
US House to vote on Republicans' standalone $14.3 bln Israel billThe U.S. House of Representatives plans a vote on Thursday on a Republican plan to provide $14.3 billion in aid to Israel by cutting Internal Revenue Service (IRS) funding, setting up a clash with the Democratic-controlled Senate and White House.
Read more »
House Republicans Show Off 'Their Moral Bankruptcy' by Refusing to Oust Santos'The American people expect their elected representatives to hold their colleagues to a higher ethical standard and punish those who violate the public's trust,' said Stand Up America's Brett Edkins.
Read more »
US House to vote on Republicans' $14.3 billion Israel aid billUS House to vote on Republicans' $14.3 billion Israel aid bill
Read more »
House Republicans’ spending bill could derail over train concernsHouse Republican leaders are facing an uphill battle to pass the government funding bill for Transportation and Housing and Urban Development.
Read more »
House Republicans hope to pass Israel aid package, setting up a clash with SenateFrank Thorp V is a producer and off-air reporter covering Congress for NBC News, managing coverage of the Senate.
Read more »