House GOP’s Israel Aid Plan Would Add Billions to Deficit: CBO

House Speaker Mike Johnson’s plan to cut IRS funding to pay for the cost of a $14.3 billion aid package to Israel would add billions to the deficit over the next 10 years, according to a new estimate from the Congressional Budget Office. The nonpartisan budget scorekeeper projected that rescinding more than $14 billion in IRS funding as the House GOP proposes to do would scale back the tax agency’s enforcement and consequently decrease revenues by $26.8 billion from 2024 through 2033. The revenu