This is an old position of the Israeli right.
We should not be funding them or the Arabs. And the Arabs depend on the money more than Israel. In fact, by some estimates, we end up hurting the Israelis as they need to spend more on their military to match our funding of potential enemies.
If we were the only ones doing that, it’d be a rather valid argument. Others are funding Israel’s enemies; they’ve been doing it ever since the beginning of the state of Israel too. (Incidentally, which segment of the “right”, the so-called “right-wing” anti-Zionist types?)
The Arabs should not get dime one, unless it is used to recruit and train an anti-PLO insurgency to whittle down Hamas, Fatah, and the various other descendants and followers of the Pedophile. Arab “leaders” from the terrorist groups who travel outside of Gaza or the West Bank should be vanished off the planet until they stop trying to play heads of state and stay put. And then reach retirement age (euphemism).