"House GOP's Israel aid bill adds to deficit, White House and Biden officials respond"

1 min read
Source: NBC News
"House GOP's Israel aid bill adds to deficit, White House and Biden officials respond"
Photo: NBC News
TL;DR Summary

The House Republican bill to provide aid to Israel will add $26.8 billion to the U.S. budget deficit, according to the Congressional Budget Office. The bill pairs aid to Israel with cuts to IRS funding, but the CBO found that the IRS cuts coupled with the Israel aid would lead to a decline in revenue, contradicting the goal of offsetting the aid. The bill is facing criticism from Democrats, who argue that it prioritizes helping wealthy tax cheats over addressing the national debt. Senate Democrats have made it clear that the bill won't pass the upper chamber.

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