Fact!
The House GOP wants to offset emergency aid to Israel with funding cuts to the IRS. The only problem: cutting IRS funds increases the deficit.
- For every $1 the US spends auditing someone in the top 0.1%, it gets back $6.30
- According to the nonpartisan Congressional Budget Office, the Republicans’ proposed $14 billion cut to IRS funding would cost the US over $26 billion in revenues, leading to a net deficit increase of $12 billion over the next decade
- If passed, would set a dangerous precedent by requiring emergency national security assistance to come from cuts elsewhere
- The GOP House package provides nothing for Ukraine or for humanitarian aid to Gaza
- Republicans are prioritizing billionaires over national security and a humanitarian crisis
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Source: Steve Rattner, PBS News Hour
