The Speaker of the House Kevin McCarthy (R-CA) expects his debt limit bill to pass the Republican lower chamber of Congress, according to Just the News. The self-declared purpose of the bill, the Limit, Save, Grow Act of 2023, is to “provide for a responsible increase to the debt ceiling, and for other purposes.” Key Democratic voices in the Senate, Joe Manchin (D-WV), Amy Klobuchar (D-MI), and Dick Durban (D-IL) have urged Biden to negotiate with Republicans.
Mr. McCarthy promised that “We will hold a vote this week, and we will pass it [the bill].” He added that “I cannot imagine someone in our conference that would want to go along with Biden’s reckless spending.” Senator Manchin said that he applauds “Speaker McCarthy for putting forward a proposal that would rein in federal spending. While I do not agree with everything proposed, the fact of the matter is that it is the only bill actually moving through Congress that would prevent default.”
“For the sake of the country, I urge President Biden to come to the table, propose a plan for real and substantive spending cuts and deficit reduction, and negotiate now,” Senator Manchin said.
Senator Klobuchar said that “He should negotiate on the budget. That is the place to negotiate, and they should start those negotiations now. Not using the American people and their mortgages as hostage because right now, you’ve gotta simply make clear, we’re gonna avoid default and get this behind us.” Senator Durbin stated that “of course we should talk.”
Speaker McCarthy has also pitched negotiations but noted in a tweet that “I know President Biden might be focused on his own political future today, but he should be focused on the future of America. Biden should have announced he will finally come to the table and negotiate a responsible debt limit increase to avoid the first default in our history.”
I know President Biden might be focused on his own political future today, but he should be focused on the future of America.
Biden should have announced he will finally come to the table and negotiate a responsible debt limit increase to avoid the first default in our history.
— Kevin McCarthy (@SpeakerMcCarthy) April 25, 2023
Representative Greg Pence (R-IN) seconded McCarthy’s demand for talks by tweeting that “It has been more than 80 days since President Biden last met with @SpeakerMcCarthy. It is time for the White House to sit down and discuss a sensible debt ceiling.”
It has been more than 80 days since President Biden last met with @SpeakerMcCarthy.
It is time for the White House to sit down and discuss a sensible debt ceiling. https://t.co/qlEMQ8gcYF
— Rep. Greg Pence (@RepGregPence) April 24, 2023
The bill itself would limit federal spending to a one percent increase per year, eliminate a host of green energy tax credits that were enacted under the Inflation Reduction Act, end Biden’s student loan forgiveness program, rescind new IRS funding and hirings, add working requirements to food stamps and Medicaid, and rescind unobligated COVID relief funds in exchange for extending the debt limit for one year.
Speaker McCarthy on the COVID funds part of the bill stated in a tweet that “Billions in unspent COVID money has sat idle for 2 years. If the money was authorized to fight the pandemic but was not spent during the pandemic, it shouldn’t be spent now that the pandemic is over. Republicans will claw back these billions and save taxpayers money.”
Billions in unspent COVID money has sat idle for 2 years.
If the money was authorized to fight the pandemic but was not spent during the pandemic, it shouldn't be spent now that the pandemic is over.
Republicans will claw back these billions and save taxpayers money. pic.twitter.com/KDjNdd56qG
— Kevin McCarthy (@SpeakerMcCarthy) April 24, 2023
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