Speaker Mike Johnson's $14.3 billion Israel aid package was heralded by conservatives for offsetting the funding from the IRS, but a report from the Congressional Budget Office says the offset really isn't an offset.
Speaker of the House Mike Johnson, R-La., speaks at an annual leadership meeting of the Republican Jewish Coalition, Saturday, Oct. 28, 2023, in Las Vegas. Speaker Mike Johnson’s $14.3 billion Israel aid package was heralded by conservatives for offsetting the funding from the IRS, but a report from the Congressional Budget Office says the offset really isn’t an offset.
Moving the IRS funding, which was part of a $80 billion spending infusion into the agency from the Inflation Reduction Act, to the Israel aid package would increase the deficit by $12.6 billion over the next decade, according to the report. Mr. Johnson’s Israel proposal was a response to President Biden’s sweeping $106 billion emergency supplemental request that included funding for Ukraine, Israel, Taiwan and his administration’s U.S.-Mexico border policies.
So Mr. Johnson produced a slimmed-down proposal that would give only Israel funding to aid in the country’s war against Hamas.
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Speaker Johnson unveils $14.3 billion Israel aid package, paid for with cuts to IRSReese Gorman covers Congress and campaigns for the Washington Examiner. Prior to the Washington Examiner, he covered state politics and the state legislature in Oklahoma. Follow him on X: reesejgorman
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