Posted on 04/24/2023 10:45:17 AM PDT by SeekAndFind
House Republicans are set to vote this week on a $4.5 trillion GOP bill, the Limit, Save, Grow Act, which would raise the debt limit into 2024, while cutting federal spending by tens of billions of dollars, Punchbowl News reports, adding that the Treasury Department is expected to chime in this week on when they think the US is likely to default on its $31.4 trillion debt.
The bill, unveiled by House Speaker Kevin McCarthy (R-CA) last week, is the GOP's first stab at bringing Democrats and the Biden administration to the table after the two sides have made no progress over the past three months. It would raise the debt limit by $1.5 trillion, or through March 31 of next year, whichever comes first.
Republicans are insisting on linking a debt ceiling increase to spending cuts, but the White House says it wants a 'clean' hike of the borrowing limit.
It's unclear whether the GOP bill has enough support to pass.
On Sunday, McCarthy said he thought the bill would pass this week.
"We will hold a vote this week, and we will pass it, and we will send it to the Senate," he told Fox News' "Sunday Morning Futures."
That said, the bill has an unlikely chance of passage in its current form, as several GOP lawmakers - including Rep. Andy Biggs (AZ) and Tim Burchett (TN) are a 'lean no' and undecided - voiced concerns with it last week. In total, McCarthy can only afford to lose five votes, assuming all Democrats oppose the legislation.
"When we send this to the Senate, we’re showing that, yes, we’re able to raise the debt ceiling into the next year, but what we’re doing is, we’re being responsible fiscally and bringing our house back in order," McCarthy said on Sunday, adding "It doesn’t solve all of our problems, but it gets us on the right path. And this gets us to the negotiating table, just as government and America expects us to do so."
More via Punchbowl News (emphasis ours);
No. 1: The House GOP whip operation worked throughout the weekend to shore up support for the package. As of late Sunday night, party leaders felt as if undecided Republicans were breaking their way.
The House Freedom Caucus is pushing their leadership to have new work requirements for social safety net programs under this legislation kick in during FY 2024 instead of FY 2025. Conservatives also want to increase the hours covered recipients must work from 20 to 30 per week. The leadership feels as if both of these asks are implausible..
No. 2: Democrats have no idea what McCarthy is up to. They don’t have much insight into him or how the House GOP leadership operates at this point. But the mystery is overrated. McCarthy simply wants to get to the negotiating table with President Joe Biden and top Democrats. To do that, it’s imperative that House Republicans pass this bill. Otherwise, the House could be forced to move a clean debt limit increase this summer. That’s exactly what Biden wants, but it would be devastating for McCarthy.
At the end of the day, McCarthy wants three things in a final bill: spending reductions, permitting reform and some work requirements for social programs.
No. 3: House Republicans have become concerned about eliminating some tax provisions and whether outside groups would score that as a tax increase. The House Republican package got rid of a slew of tax credits that originated in the Inflation Reduction Act.
As we noted above, McCarthy and the GOP leadership were particularly concerned that Americans for Tax Reform would be opposed to repealing the tax credits. However, the group sent this statement over Sunday afternoon: “ATR supports the repeal of all green new deal tax credits in Biden’s IRA. And always has.”
No. 4: We also told you on Friday about a group of Midwestern Republicans who were concerned about the proposal eliminating ethanol credits. Right now, GOP leadership insiders believe that there won’t be a serious problem with these members.
First, all House Republicans voted against the IRA last year, which means these members already voted against the provisions. And secondly, no one expects this to be in any final bipartisan deal with the White House and Senate Democrats. We dug deep into this in the Friday Midday edition. Midwesterners’ reaction will be a big storyline this week.
No. 5: The House Rules Committee is scheduled to mark up the bill starting Tuesday at 4 p.m. This means the legislation could be on the floor as early as Wednesday. Yes, the House is scheduled to be in session until Friday. But don’t expect McCarthy and the leadership to mess around here. If they have 218 votes locked down, House GOP leaders will go to the floor and vote.
He’ll be releasing the 1/6 footage any day now..right?
He might be holding that back to negotiate on the debt ceiling. I’d love for him to double-cross biden. Get a debt ceiling deal with spending cuts on the promise to not release the tapes. Then release them anyway.
Lower the debt limit.
Where’s the budget for 2024? That’s where cuts are supposed to be made. They are so lazy. Probably another CR for next year. They are wasting time on this debt thing.
Easy decision for someone not compromised. Cut the budget 25% and eliminate hundreds of thousands of the federal government leeches. Stand firm on the debt ceiling and ignore the media sob stories about Karen and her need for Uncle Sucker.
RE: Cut the budget 25% and eliminate hundreds of thousands of the federal government leeches.
Ain’t gonna get pass Senate and even if by some miracle, it does, Biden still has the veto pen.
Dismissing it as just being Lazy is being way too easy on them IMHO. I think a lack of courage and resolve is more like it.
It’s all a gaslight ruse. Nobody in DC wants to give up their grift and perks. The Governor of my state actually made his own money like Trump did.
The Republicans won’t do it either. Almost 40% of known citizens get federal assistance and that doesn’t include the illegal aliens who get phones and debit cards to play video games all day.
“...adding that the Treasury Department is expected to chime in this week on when they think the US is likely to default on its $31.4 trillion debt.”
That should send out a few tremors across the globe!
Also, McCarthy is doing a much better job than I expected him to.
*SHRUG*
Just say NO!
No 4.5 T increase.
No debt ceiling increase.
Cut all gov. spending by 20% this year.
I hope that Trump has a clue that no so-called "MAGA Republican" is standing up to exercise one person effective majority vote in House by publicly screaming about Congress's constitutionally limited power to tax and spend.
More specifically, most of the federal budget and debt are based on unconstitutional taxes, argualy stolen state revenues, that Congress cannot reasonably justify under its constitutional, Article I, Section 8-limited powers imo. So there is almost nothing about budget and debt ceiling to negotiate and McCarthy is a RINO that needs to be primaried.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
“If the tax be not proposed for the common defence, or general welfare, but for other objects, wholly extraneous, (as for instance, for propagating Mahometanism among the Turks, or giving aids and subsidies to a foreign nation, to build palaces for its kings, or erect monuments to its heroes,) it would be wholly indefensible upon constitutional principles [emphases added].” — Justice Joseph Story, Commentaries on the Constitution 2 (1833).
”Simply this, that the care of the property, the liberty, and the life of the citizen, under the solemn sanction of an oath imposed by your Constitution, is in the States and not in the federal government [emphases added]. I have sought to effect no change in that respect in the Constitution of the country.” —John Bingham, Congressional. Globe. 1866, page 1292 (see top half of third column)
Pelosi: "We have to pass the bill so that you can find out what is in it." (non-FR; 6 sec.)
“Cherish, therefore, the spirit of our people, and keep alive their attention. If once they become inattentive to the public affairs, you and I, and Congress and Assemblies, judges and governors, shall all become wolves [emphasis added]. It seems to be the law of our general nature.” - Thomas Jefferson (Letter to Edward Carrington January 16, 1787)
Democrats Are Terrified Of An Educated And Informed Public (3.12.23)
Patriots, the bottom line is this imo. What is your threshold of “pain” for peacefully stopping unconstitutionally big state and federal governments controlled by bully, constitutionally undefined political parties, from oppressing the people under their boots?
The inevitable remedy for ongoing, post-17A ratification, corrupt political party treason (imo)...
All MAGA patriots need to wake up their RINO federal and state lawmakers by making the following clear to them.
If they don’t publicly support either a resolution, or a Constitutional Convention, to effectively "secede" ALL the states from the unconstitutionally big federal government by amending the Constitution to repeal the 16th (direct taxes) and 17th (popular voting for federal senators) Amendments (16&17A), doing so before the primary elections in 2024, that YOU will primary them.
If the proposed amendment was limited strictly to repealing 16&17A, relatively little or ideally no discussion would be needed before ratification of the amendment imo.
With 16&17A out of the way, my hope is that Trump 47 becomes the FIRST president of a truly constitutionally limited power federal government.
In the meanwhile, consider that it's not Trump's problem to pick patriot candidates for office who understand and respect the federal government's constitutionally limited powers. It's the duty of patriots to keep abreast of public affairs and pick good candidates for public office.
“Cherish, therefore, the spirit of our people, and keep alive their attention. If once they become inattentive to the public affairs, you and I, and Congress and Assemblies, judges and governors, shall all become wolves [emphasis added]. It seems to be the law of our general nature.” - Thomas Jefferson (Letter to Edward Carrington January 16, 1787)
Democrats Are Terrified Of An Educated And Informed Public (3.12.23)
Regular readers of Free Republic could probably do a better job of picking candidates for 2024 elections than Trump imo.
The rule for primarying candidates in 2024 is to get rid of all career lawmakers since they have repeatedly proven that they don't make a difference in killing bad government policy.
The definition of insanity is reelecting your state's beloved, Constitution-ignoring career state and federal lawmakers and executives over and over again, expecting different results every time.
A debt limit is not a debt limit when each time the limit is reached the debt limit is increased.
A spending cut is not a spending cut unless less money is spent than the previous fiscal year.
Savings occurs when only when revenue is greater than expenditure and the excess is not spent on anything.
Republicans know these things, as do the vast majority of Americans. But Republicans have the audacity to lie to Americans with a straight face. They lack the testicular fortitude to make the argument for real spending cuts and how to target those cuts.
Every failed social program since LBJ’s Great Society should be eliminated. Every part of government that has been weaponized against Americans should be eliminated. The vast majority of government should be shuttered because the US Constitution does not give Congress or Executive the power to create and operate those parts of government.
Surprise me kevin
Nah.. they would hand trump their last round and last ammo. Of course, since we tried to warn people that trump was, is and will be big government, the bots have taken over.
He
Ocled us down while handing big pharma billions,.. he is currently talking about paying people to have children, so he won’t have to do social security math. Of course he is paying non citizen and non taxpers money off working class tables.
The lockdown big Pfizer prez is a fraud crying about the deep state boogeyman.
Or use another multiplier, like 0.76 if preferred.
Yeah. He is going to release it to Tucker.
“McCarthy wants three things in a final bill: spending reductions, permitting reform and some work requirements for social programs.”
^
Work requirements?
Should be a provision for discounted Marijuana purchases.
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