Friday, November 3, 2023

House passes Israel aid bill despite Biden veto threat

 https://www.bbc.com/news/world-us-canada-67304782

To offset the cost of the aid to Israel, Republicans proposed cutting $14.3bn in funding for the Internal Revenue Service (IRS), which collects US taxes.

However, the nonpartisan Congressional Budget Office (CBO) said such cuts to IRS funding would result in less tax revenue, and increase the US deficit by nearly $12.5bn over the next decade.

"My Republican friends say they want to help Israel," said Democratic congressman Jim McGovern of Massachusetts.

"And so, what do they do? They condition the aid to Israel on essentially a tax break for millionaires and billionaires and corporations that cheat on their taxes."

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