217 House Republicans pass debt ceiling bill with harmful cuts
A wide range of advocacy groups and Democratic lawmakers on Wednesday fiercely denounced Republicans in the U.S. House of Representatives for narrowly passing their “debt ceiling scam” containing “extreme, harmful cutsĀ against average Americans to protect billionaire tax breaks.”
The so-called the Limit, Save, Grow Act wasĀ unveiledĀ last week by GOP House Speaker Kevin McCarthy (Calif.) and passedĀ 217-215, with just four RepublicansāReps. Andy Biggs (Ariz.), Ken Buck (Colo.), Tim Burchett (Tenn.), and Matt Gaetz (Fla.)ājoining Democratic opponents and three lawmakers not voting.
Although the House GOP bill would raise the federal government’s arbitrary borrowing limit, averting a first-ever default that would be catastrophic for the U.S. and global economies, the legislation would also cap spending over the next decade, impose fossil fuel-friendly energyĀ policies,Ā restrictĀ regulations, add work requirements for social programs, block President Joe Biden’sĀ contestedstudent debtĀ relief plan, and repeal Internal Revenue Service (IRS)Ā fundsĀ intended to reduce tax-dodging.