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Author: commonone ✸🐝 HONORARY
SHREWD   😊 😞
Number: of 48466 
Subject: CBO Scores GOP's Israel-IRS bill
Date: 11/01/2023 11:30 AM
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No. of Recommendations: 13
New House Speaker Mike Johnson's Israel-IRS bill that strips funding from the IRS has been scored by the Congressional Budget Office and it estimates the bill will cost the U.S. government at least $12.5 billion.

House Republicans' $14.3 billion emergency aid package for Israel, which the party seeks to offset with cuts to funding for the Internal Revenue Service, could actually end up adding billions of dollars to the nation's deficits, the Congressional Budget Office (CBO) said on Wednesday.

While the nonpartisan budget scorekeeper estimated the proposal would decrease outlays by over $14 billion over roughly the next decade, the office also said the cuts to IRS funding would decrease revenues by more than $26 billion during the same period.

That's whatcha' call "republican math". Not to mention it strips out funding for security at the Southern Border and to combat the fentanyl crisis.

https://thehill.com/homenews/house/4287168-house-g...,(CBO)%20said%20on%20Wednesday.


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Author: Dope1   😊 😞
Number: of 48466 
Subject: Re: CBO Scores GOP's Israel-IRS bill
Date: 11/01/2023 12:15 PM
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Please shout to the voters from rooftops how much you love the IRS and want it funded to the hilt.

Thaaaaannnnks!
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Author: alan81 ✭  😊 😞
Number: of 48466 
Subject: Re: CBO Scores GOP's Israel-IRS bill
Date: 11/01/2023 1:58 PM
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how much you love the IRS
It is all a matter of how you spin it. Instead you just mention the bill is a multibillion dollar giveaway to rich tax cheats...
It sounds like you agree that the bill will actually increase our debt?
Alan
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Author: Dope1   😊 😞
Number: of 48466 
Subject: Re: CBO Scores GOP's Israel-IRS bill
Date: 11/01/2023 2:27 PM
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It sounds like you agree that the bill will actually increase our debt?

Any out of band aid bill is going to increase the debt/deficit. None of the aid to the Ukraine has been cost-neutral (although, to be fair, much of the aid has been in the form of transferring already paid for equipment to them).
The GOP one proposes to at least claw some money back from a federal agency and use that for Israel.

The question, then, revolves around the veracity of the claim that reducing the IRS' budget by X directly causes a reduction in revenue of Y. I don't know that I buy that.
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Author: ges ✧🐝  😊 😞
Number: of 3958 
Subject: Re: CBO Scores GOP's Israel-IRS bill
Date: 11/01/2023 5:47 PM
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Well, our new Speaker, the whacko fundamentalist, is off to a rousing start. /s
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