House Republicans are seeking to take $14.3 billion from the IRS to “offset” aid to Israel. But as many economists have pointed out this is to take money from one of the few agencies that actually bring in more money than they cost.
Heather Cox Richardson puts it this way “funding the IRS brings in significantly more than it costs. For each dollar spent auditing the top 1% of U.S. earners, the IRS brought in $3.18; for each dollar spent auditing the top 0.1%, it brought in $6.29.”
Apparently, the House Republicans need a basic course in economics.
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