A nonpartisan Congressional Budget Office report found the bill would add $26 billion to the deficit.
Johnson’s first significant move since his meteoric rise to power was to push forward with a bill to pay for a $14.3 billion aid package for Israel by cutting the same amount from the IRS. The bill, which passed the House largely along party lines on Thursday, faces a steep uphill battle in the Senate, given that Majority Leader Chuck Schumer promises to avoid bringing it up for a vote.
That’s because the cuts target funding to the agency provided by Biden’s signature Inflation Reduction Act that focuses on making it easier for people to pay their taxes and for the agency to crack down on wealthy tax cheats. “All of those funds go to increased scrutiny on tax evasion going on at the highest wealth — that is millionaires, billionaires, large corporations and large complex partnerships,” IRS Commissioner Danny Werfel said last week.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Vulnerable NY GOP nervous about House speaker Mike Johnson's fundraising abilityRep. Jason Smith, R-Mo., joined ‘Mornings with Maria’ to discuss the House passing the Israel-only funding bill, the GOP’s investigation into President Biden, and the media’s criticism against Speaker Johnson.
Lire la suite »
GOP presidential hopefuls call for repeal of federal funding, tax breaks for colleges that excuse antisemitismSeveral GOP presidential hopefuls are calling for the removal of federal funds from colleges that refuse to take action and stop anti-Israel protests from taking place on their campuses.
Lire la suite »
House Speaker Mike Johnson Skirts Question on Personal Bank AccountThe newfound Speaker said he was a “man of modest means” in a Fox interview.
Lire la suite »
Speaker Johnson pushes to couple Ukraine aid and border: ‘Take care of our own border first’House Speaker Mike Johnson, R-La., argued the American people understand coupling Ukraine aid with funding to secure the U.S.-Mexico border.
Lire la suite »
Republican Speaker Mike Johnson on Migration: ‘We’re Going to Force the Issue’Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Lire la suite »
House Speaker Mike Johnson shrugs off questions about his financesSpeaker Johnson shrugs off questions about his finances
Lire la suite »