Home Stock House GOP’s $14B Israel aid bill offset with cuts to IRS cash in Biden’s Inflation Reduction Act

House GOP’s $14B Israel aid bill offset with cuts to IRS cash in Biden’s Inflation Reduction Act

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The House GOP’s recently introduced legislation to provide $14 billion in aid to Israel would be offset by cuts to the Internal Revenue Service’s budget as part of the Biden administration’s proposed Inflation Reduction Act. The proposed cuts would reduce IRS funding by $14 billion over 10 years, ostensibly freeing up the required funds for the Israeli aid package.

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