Republicans’ Stupid Plan to Fund Israel with IRS Cuts Will Backfire, CBO Says ...Middle East

The House GOP’s quest to trade $14.3 billion in IRS cuts for $14.3 billion in emergency aid to Israel has an updated price tag and surprise, surprise: It’s much steeper than it anticipated.Instead of decreasing the deficit, the multibillion-dollar slash to the IRS proposed by newly minted House Speaker Mike Johnson would actually cost the government more than $26 billion in lost revenue by 2033, according to a Congressional Budget Office report issued Wednesday. The result would add nearly $12.5 billion to the national deficit over the next 10 years, the CBO predicted.Some officials estimate that the true number could be even higher.IRS Commissioner Daniel Werfel believes the damages may be

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