Conservative hard-liners are not the only House Republicans upset with House Speaker Kevin McCarthy’s deal with President Biden to raise the debt limit until after the 2024 election.
Rep. Nancy Mace, a moderate Republican from South Carolina, added her voice to the chorus of naysayers on Monday.
In wins on the GOP side, the deal would claw back $40 billion in unspent coronavirus relief and slash IRS funding. Mr. McCarthy secured an immediate $1.4 billion cut to IRS funding and then the agreement to cut another $20 billion over the next two years. House Republicans initially sought a $130 billion cut to non-defense spending this year and a decade’s worth of spending caps. They also wanted to cancel Mr. Biden’s student loan forgiveness program and rescind more than $200 billion in green energy tax credits that Democrats passed last year.“The agreement protects my and congressional Democrats’ key priorities and legislative accomplishments,” Mr. Biden said.
Given the narrow majority in the House, Mr. McCarthy can lose only four Republican votes before having to rely on Democratic support, though Mr. Biden is expected to deliver Democratic votes for the deal. The legislation specifies, however, that the White House’s Office of Management and Budget can waive the new rule if it’s necessary for efficiency or the timely “delivery of essential services.” The bill further states that OMB’s waiver cannot be challenged by the courts.
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