Debt-limit plan won't be changed, House GOP leaders tell holdouts

There are several sticking points in the plan — which would include across-the-board spending cuts and tightening access to government benefits for low-income people — that have rankled some in the GOP’s slim majority.

Meanwhile, vulnerable Republicans, especially those in districts Biden won in 2020, are dismissing those concerns posited by their more conservative colleagues. The elimination of certain tax breaks, in particular, is causing headaches for the GOP whip team. The plan would kill some clean-energy tax credits that were included in Democrats’ sprawling policy package last year, including financial incentives for biodiesel that Republicans in midwest states are now adamantly defending.

Midwestern Republicans with ethanol plants in their districts are especially worried — including Rep., according to three people who were granted anonymity to discuss internal conversations. Finstad has worked to beat back strong GOP primary and Democratic challenges since he won a special election in 2022. Looking soft on ethanol gives both sides ample ammunition against him.

Emmer, for his part, noted that Republicans are already “on record voting against many of these tax credits in theSenior Republicans say they expect to alleviate the ethanol concerns without changing any text, reminding members they‘ve already voted against the measures once.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kevin McCarthy, House GOP Debt-Limit Plan Face Crucial Test This WeekThe health of the economy and Kevin McCarthy’s speakership could rest on whether Republicans can pass a debt-limit plan and strike a deal with Biden
Source: WSJ - 🏆 98. / 63 Read more »

McCarthy pitches GOP holdouts on debt limit plan, says opposition complicit in ‘reckless spending’House Speaker Kevin McCarthy said Sunday that Republicans will pass his proposal to raise the debt ceiling this week even amid resistance from some in the GOP that jeopardizes the legislation.
Source: WashTimes - 🏆 235. / 63 Read more »

GOP Debt Limit Bill Could Put Over 10 Million at Risk of Losing Medicaid: Analysis'​This agenda would narrow opportunity, deepen inequality, and increase hardship,' said the Center on Budget and Policy Priorities.
Source: commondreams - 🏆 530. / 51 Read more »

Should Biden negotiate with the GOP over the debt ceiling?Most Democrats have stood by Biden in his refusal to make concessions in exchange for raising the debt ceiling. They argue that caving in to the GOP’s threats would only reward them for putting the country’s economic stability. Here's more.
Source: YahooNews - 🏆 380. / 59 Read more »

US House to vote on Republican debt limit bill this weekRepublican U.S. House of Representatives Speaker Kevin McCarthy said on Sunday the House would hold a vote in the coming week on his spending and debt bill, adding he was confident he had the votes to pass the bill.
Source: Reuters - 🏆 2. / 97 Read more »

US House to vote on Republican debt limit bill this week By Reuters*U.S. HOUSE TO VOTE ON REPUBLICAN DEBT CEILING BILL THIS WEEK 🇺🇸 🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »