Patriotic Millionaires on Republican Bill to Cut IRS Funding for Israel Aid

Yesterday, Republicans proposed cutting IRS funding to pay for the aid package to Israel.

In response, Morris Pearl, the Chair of the Patriotic Millionaires and a former managing director at BlackRock, Inc., released the following statement:

For every dollar of IRS funding that is cut, American taxpayers lose two dollars in revenue to ultra-wealthy tax cheats. Republicans know perfectly well that cutting IRS funding will result in less money in the US Treasury, not more. The proposal is not serious, and neither are the people proposing it.

Read my lips: no cuts to IRS funding.