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Update (1026ET): Following a GOP closed-party meeting, House Speaker Kevin McCarthy (R-CA) says he’s confident that Republicans have enough votes to pass the debt limit bill in a floor vote today.
Senator Chuck Schumer (D-NY), however, dismissed the bill as the “Default On America” (DOA) Act - which of course is true since it will never make it through the Democrat-controlled Senate, much less past President Biden’s desk, in its current form.
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McCarthy’s drafted amendment pulls funding from the Inflation Reduction Act for green building construction, DoE loan guarantees, deferred maintenance for national parks, air pollution for states and municipalities, as well as a neighborhood access and equity grant program.
Also keep in mind these “cuts” are not even cuts. Many of these things were new spending programs that haven’t even occurred. So it’s not cutting at all. It’s just stopping or slowing the growth of the bureaucracy.
The GOP needs to learn how to message that and quit calling it cuts.
If I get $100 per year. Then they pass a budget to give me $200 next year. But then they change it to $150. I’m getting a $50 increase not a $50 cut as the democrats call it. It’s only a cut if my payment goes down more than I make this year. For it to be a cut I’d have to get less than $100.