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US House Republicans' $14.3 billion Israel aid bill offsets spending by cutting IRS funds

US House Republicans
# 31 October 2023 04:31 (UTC +04:00)

The House has released the text of the supplement Israel funding bill, appropriating $14.3 billion dollars to the Mideast nation, APA reports citing CNN.

As House Speaker Mike Johnson noted last week, the bill includes the same amount in spending cuts, rescinding $14.3 billion that had been allocated to the IRS as part of the Inflation Reduction Act. 

Democrats are warning that the bill’s offsets could cost its passage in the House. And so far, two House Republicans – Tom Massie and Marjorie Taylor Greene – have said they will oppose the bill.  

In the Senate, both top leaders have pressed to have any funding for Israel combined with Ukraine and border security funding. 

Senate Majority Leader Chuck Schumer offered a new warning Monday to Johnson over his push to include spending cuts to offset the costs of the Israel package, signaling the chamber would reject the House plan if Republicans pursue that approach.

Schumer also told CNN that the funding package should include funding for Ukraine, even as Johnson plans to move a stand-alone Israel bill.

"We believe our Democratic Caucus — we should be doing all of it together. Israel, Ukraine, South Pacific," Schumer said of the bill.

And he said of the Johnson plan to cut $14.3 billion from the IRS to pay for the plan: "Obviously, a pay-for like that makes it much harder to pass."

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