Punchbowl News: “The House Republican proposal to provide $14.3 billion in aid to Israel also cuts $14.3 billion dedicated to the Internal Revenue Service in the 2022 Inflation Reduction Act…”
“You can look at this in a few different ways. The charitable take is that House Republican leaders want to rally GOP lawmakers around the bill and force Democrats to take a tough vote.”
“But the decision to cut $14 billion from the IRA will make it easy for House Democratic leaders to oppose it and for Senate Democrats to reject this out of hand. This now opens the door to the Senate gutting the offsets from the bill and sending it back with Ukraine funding. Ukraine aid deeply splits House and Senate Republicans.”
“It also increases the deficit. Less money for the IRS means less money for tax enforcement and ultimately less revenue for the federal government. Thus higher deficits…”
“If Johnson had decided to pass a clean $14 billion-plus bill, it would’ve flown through the House and the Senate, potentially landing on President Joe Biden’s desk by the end of this week.”
NBC News: In his first act, Speaker Mike Johnson uses Israel aid to pick a fight with Joe Biden.
