Key takeaways:
- House Republicans have proposed a bill to provide $14.3 billion in emergency funding for Israel, paid for by rescinding the same amount of IRS funding from the Inflation Reduction Act.
- The bill is expected to be rejected by the Democratic-led Senate and White House, setting up a clash over how to provide aid to Israel.
- The bill has been met with criticism from Democrats, and is expected to be voted on in the full House chamber as soon as this week.
House Republicans have proposed a new bill that would provide $14.3 billion in emergency funding for Israel, paid for by rescinding the same amount of IRS funding from the Inflation Reduction Act, a major climate, health care and tax law signed by President Biden last year.
The bill, released Monday, is the first major move by House Speaker Mike Johnson, R-La., and sets up a collision with the White House and Democratic-controlled Senate over how to support a key U.S. ally. The bill is slated for consideration by the Rules Committee when the House returns on Wednesday, with a vote in the full chamber expected as soon as this week.
The Inflation Reduction Act was one of President Biden’s signature pieces of legislation, and the proposed bill would cut the same amount of funding that was allocated to the IRS under the Act. The bill is expected to be rejected by the Democratic-led Senate and White House, setting up a clash over how to provide aid to Israel.
The bill has been met with criticism from Democrats, who argue that the bill is a partisan move to undermine the Inflation Reduction Act. Republicans argue that the bill is necessary to provide aid to a key U.S. ally, and that the funding cuts to the IRS are necessary to pay for the aid.
The bill is expected to be voted on in the full House chamber as soon as this week, and the outcome of the vote will determine the fate of the bill and the funding for Israel.
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