Whitehouse: IRS Cuts in Republicans’ Israel Supplemental Would Increase Deficit
Washington, D.C.—Today, the Congressional Budget Office (CBO) released an estimate of House Republicans’ proposed $14.3 billion supplemental aid package for Israel. House Republicans’ “offset” would rescind $14.3 billion from Internal Revenue Service (IRS) enforcement and would reduce federal revenues by $26.8 billion, increasing the deficit by $12.5 billion and costing American taxpayers. Senate Budget Chairman Sheldon Whitehouse (D-RI) issued the following […]
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MEMORANDUM: Cuts to IRS tax enforcement would increase the deficit
Republicans have, again, proposed defunding Internal Revenue Service (IRS) tax enforcement, hamstringing the agency’s ability to go after wealthy tax cheats and increasing the deficit. In their Israel supplemental, House Republicans have called for “offsetting” $14.3 billion in emergency aid with cuts to the IRS. A score from the nonpartisan Congressional Budget Office is forthcoming, […]
NEWS: New GAO Report Finds Pandemic Assistance Helped Reduce Credit Card Debt for America’s Working Class for First Time in Over a Decade
WASHINGTON, D.C.—A new report released today by the Government Accountability Office (GAO) found that financial aid provided by the federal government during the COVID-19 pandemic helped millions of working-class Americans reduce their credit card debt. It was the first time in nearly a decade that the share of active credit card accounts with a balance declined. The […]
Grassley Recalls President Reagan: ‘America is Once Again at a Time for Choosing’
Floor Remarks by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee “A Time for Choosing” Thursday, October 26, 2023 VIDEO Fifty-nine years ago tomorrow – in other words, Friday – Ronald Reagan delivered his iconic ‘A Time for Choosing’ speech. In this speech, the future president laid out in stark terms the […]