House GOP’s Israel Bill, With IRS Cuts, Would Add $27 Billion to the Deficit

So says the Congressional Budget Office.

Francis Chung/AP

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.

A bill introduced by House Republicans on Monday would provide $14 billion in funding for Israel, but do it in a way that helps the rich avoid taxes. As a result, the nonpartisan Congressional Budget Office now predicts the proposal would add nearly $27 billion to the national debt. 

As my colleague Julianne McShane wrote, House Republicans are proposing to pay for the Israel aid by clawing back the same amount from the IRS. Last year’s Inflation Reduction Act had provided the tax agency with $80 billion over 10 years—money intended to restore its ability to audit wealthy individuals and corporate partnerships, and to pursue wealthy deadbeats. (Even some Republican lawmakers are critical of tying foreign aid to IRS funding.)  

McShane writes:

The thought of—as my colleague David Corn put it in Mother Jones‘ internal Slack channel—”letting billionaires cheat to pay for bombs to drop on civilians” is jarring, particularly given the more than 3,500 children that Gaza health authorities say have been killed by the Israeli airstrikes; heartbreaking photos and videos have shown kids covered in blood and dust and collapsing while coping with living through the trauma of war and losing loved ones. 

The CBO specifically calculated that the Israel proposal will result in a ten-year, $26.8 billion revenue decline, of which nearly half comes come from the GOP’s hit on the taxman’s collection capabilities. Read the full report here.

LESS DREADING, MORE DOING

This is the rubber-meets-road moment: the early days in our first fundraising drive since we took a big swing and merged with CIR to bring fearless investigative reporting to the internet, radio, video, and everywhere else that people need an antidote to lies and propaganda.

Donations have started slow, and we hope that explaining, level-headedly, why your support really is everything for our reporting will make a difference. Learn more in “Less Dreading, More Doing,” or in this 2:28 video about our merger (that literally just won an award), and please pitch in if you can right now.

payment methods

LESS DREADING, MORE DOING

This is the rubber-meets-road moment: the early days in our first fundraising drive since we took a big swing and merged with CIR to bring fearless investigative reporting to the internet, radio, video, and everywhere else that people need an antidote to lies and propaganda.

Donations have started slow, and we hope that explaining, level-headedly, why your support really is everything for our reporting will make a difference. Learn more in “Less Dreading, More Doing,” or in this 2:28 video about our merger (that literally just won an award), and please pitch in if you can right now.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate