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 cuts against average Americans to protect billionaire tax breaks.”
The so-called the Limit, Save, Grow Act was unveiled last week by GOP House Speaker Kevin McCarthy (Calif.) and passed 217-215, with just four Republicans—Reps. Andy Biggs (Ariz.), Ken Buck (Colo.), Tim Burchett (Tenn.), and Matt Gaetz (Fla.)—joining 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 energy policies, restrict regulations, add work requirements for social programs, block President Joe Biden’s contestedstudent debt relief plan, and repeal Internal Revenue Service (IRS) funds intended to reduce tax-dodging.