House Speaker Kevin McCarthy beat back a revolt from conservative Republicans and opposition from progressive Democrats on Wednesday to pass his bipartisan debt limit deal.
“At best we have a two-year spending freeze that’s full of loopholes and gimmicks that would allow for increased funding for the federal bureaucracy in order to achieve a $4 trillion increase in the debt [limit],” said Rep. Chip Roy, Texas Republican.
“It simply does not live up to the expectations we set and I cannot in good conscience vote for it,” said Rep. Jefferson Van Drew, a New Jersey Republican who switched parties amid disillusion with the leftward shift of the Democratic Party.“I think Republicans need to own this vote. This was their deal, this was their negotiation,” said Rep. Alexandria Ocasio-Cortez, New York Democrat. “They’re the ones trying to come in and cut [food stamps].
While the new restrictions would save taxpayer money, the expanded benefits for veterans and the homeless would cause overall spending for food stamps to increase. The Congressional Budget Office estimates the changes would cost taxpayers an additional $2.1 billion over the next decade. “The OMB director has sole waiver authority to spend if it’s ‘necessary for program delivery.’ So that one line wipes out PAYGO,” said Rep. Nancy Mace, South Carolina Republican. “These words on paper are totally meaningless if you read the fine print.”
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