HomeUSMcCarthy makes plea for Republicans to back debt ceiling plan

McCarthy makes plea for Republicans to back debt ceiling plan

CNN – During a closed-door meeting, Speaker Kevin McCarthy urged House Republicans to support his debt ceiling plan, emphasizing that it will help get him to negotiate with President Joe Biden. McCarthy assured members that once he is at the negotiating table, he can push for additional policy provisions in the future. House Republicans are confident in their ability to unite behind a plan and pass it quickly. However, the details of the plan still need to be finalized, and some members are expressing frustration over the current proposal and its exclusions. House Rules Chairman Tom Cole stated that the GOP debt limit bill will be on the House floor next week, but other Republicans are unsure if the specifics can be ironed out in time for a timely vote. House Republicans are insisting that any increase in the debt limit must be accompanied by spending cuts, while the White House argues for an unconditional increase. McCarthy aims to pressure the White House into negotiations by passing a debt limit bill through the House, even if it does not pass the Democratic-controlled Senate. This closed-door meeting marks the start of a challenging effort by GOP leaders to secure 218 votes for their debt ceiling and spending cut proposal. McCarthy outlined his proposal during the meeting, which includes reclaiming unspent Covid-19 funds, implementing 10-year spending caps, preventing student loan forgiveness under Biden, and passing a GOP energy bill. Conservatives are pushing for more inclusions, while others refuse to support a debt ceiling increase under any circumstances. The lack of specificity from House GOP leaders on the plan has frustrated GOP Rep. Scott Perry and other members, who feel that they are left in the dark about the full package. Some members are advocating for additional cuts during the meeting, highlighting the difficulty GOP leaders face in unifying the conference. Rep. Kevin Hern, leader of the Republican Study Committee, emphasized the need for leadership and unity in order to negotiate with the White House effectively. Rep. Don Bacon mentioned ongoing debates about how and for how long the debt ceiling should be raised, whether through a dollar amount or a specific date. Some members are pushing for a shorter increase, but Bacon predicts it will likely extend into next year. While some details still need to be addressed, Rep. Matt Gaetz believes that conference talks on the debt ceiling are progressing, but he is unsure if a vote can be scheduled as early as next week. During the GOP conference meeting, members of the House Freedom Caucus called for more cuts and questioned why certain provisions were excluded. This highlights the challenges faced by GOP leadership even though they framed the plan as an opportunity to strengthen their leverage with the White House. One topic discussed during the GOP conference meeting was the exclusion of a measure to reclaim Internal Revenue Service enforcement funds. A source explained that the measure was not included because it would be costly according to the Congressional Budget Office (CBO), and without enforcement funds, the CBO would argue that less tax revenue would be collected. Republicans aim to increase revenue and cut spending in the bill.