New GOP House speaker proposes aiding Israel with IRS funds meant to nab rich US tax cheats
House Republicans have a counterproposal to President Biden's request for military and humanitarian aid for Israel and Ukraine, and it's DOA
House Republicans on Monday proposed giving Israel $14.3 billion in emergency military aid, but their bill would pay for that aid "by cutting IRS funds aimed at cracking down on rich tax cheats and improving taxpayer service," The Washington Post reported. The aid package is the first substantive legislation released under new House Speaker Mike Johnson (R-La.). And if it passes in the House, it stands no chance of making it through the Senate.
President Biden requested $14.3 billion to help Israel in its war against Hamas but he paired it with $61 billion in aid for Ukraine plus another $10 billion in humanitarian aid for Ukraine, Israel and Gaza. The Senate is following that approach of bundling the aid together in one package, with bipartisan support. The House GOP bill not only removes the Ukraine aid, but also attempts to take another bite out of the Inflation Reduction Act's $80 billion for increased enforcement of tax laws among noncompliant wealthy individuals and companies, plus money for the IRS's new free online tax filing service.
According to the nonpartisan Congressional Budget Office, the $80 billion spent on IRS enforcement would reduce the deficit by nearly $200 billion. The White House said the House GOP's latest attempt to "help the wealthy and big corporations cheat on their taxes" would grow the deficit. Mark Mazur, a former assistant treasury secretary, said the proposed cuts are "like if you take a dollar from the IRS and throw a $5 bill out the window."
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Johnson defended his "first draft of this bill" on Fox News, saying the priority of Democrats may be "to bulk up the IRS" but most Americans would "say standing with Israel and protecting the innocent over there is in our national interest and is a more immediate need than IRS agents."
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
6 homes for entertainingFeature Featuring a heated greenhouse in Pennsylvania and a glamorous oasis in California
-
Obesity drugs: Will Trump’s plan lower costs?Feature Even $149 a month, the advertised price for a starting dose of a still-in-development GLP-1 pill on TrumpRx, will be too big a burden for the many Americans ‘struggling to afford groceries’
-
The ‘Kavanaugh stop’Feature Activists say a Supreme Court ruling has given federal agents a green light to racially profile Latinos
-
Israel jolted by ‘shocking’ settler violenceIN THE SPOTLIGHT A wave of brazen attacks on Palestinian communities in the West Bank has prompted a rare public outcry from Israeli officials
-
Nigeria confused by Trump invasion threatSpeed Read Trump has claimed the country is persecuting Christians
-
France’s ‘red hands’ trial highlights alleged Russian disruption operationsUNDER THE RADAR Attacks on religious and cultural institutions around France have authorities worried about Moscow’s effort to sow chaos in one of Europe’s political centers
-
Gaza ceasefire teeters as Netanyahu orders strikesSpeed Read Israel accused Hamas of firing on Israeli troops
-
The UK-made Storm Shadow missiles Ukraine is using in RussiaThe Explainer Ukraine reportedly deployed the long-range British missiles this week, following a tense meeting between Zelenskyy and Trump
-
Proposed Trump-Putin talks in Budapest on holdSpeed Read Trump apparently has no concrete plans to meet with Putin for Ukraine peace talks
-
Gaza’s reconstruction: the steps to rebuildingIn The Spotlight Even the initial rubble clearing in Gaza is likely to be fraught with difficulty and very slow
-
Sanae Takaichi: Japan’s Iron Lady set to be the country’s first woman prime ministerIn the Spotlight Takaichi is a member of Japan’s conservative, nationalist Liberal Democratic Party
