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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Cancel the Trump tax cuts and other tax cuts for the rich. Eliminate tax loopholes for the rich. Eliminate religious exemptions for churches that engage in politics and for those which do not help the poor and others in need. 15% minimum tax for any corporation doing $100m or more in business. Greatly tighten fiscal oversight and accountability in DOD/IC. Crack down on medicare fraud. Negotiate better deals for pharma and healthcare via Medicare, VA, federal blue cross and other providers, and publish the negotiated rates so that other private sector insurers can demand the same. Things like that will get us trillions and significantly reduce, if not completely balance the budget. [/quote] My lazy question for this thread is does anyone know what the demands are from repubs to raise the debt ceiling? I know it’s been a shifting situation where they change demands. I haven’t done a deep dive into what they are asking for now. Is the main one that they want to rescind the IRS $80bn? I know Google is my friend, but wondering if someone can offer a quick synopsis. Thank you. [/quote] Something like that. And cut all the subsidies and tax credits for renewable energy, and any carbon taxes that were passed. Would like to keep gas stoves and the current dishwashers. It also depends on what you mean by Republicans. Eventually McConnell will cut a deal because he doesn't want to cut spending much, his donors need to get their money's worth.[/quote] McConnell? You mean McCarthy?[/quote] No, I mean McConnell. I haven't seen McCarthy enough to know if he is in the same camp as McConnell. Mitch likes to play failure theater. We'd do what you conservatives want, we just don't have enough votes, and that number changes from 41 to 50 to 51 to 60. Previous debt ceiling showdown had something about a commission to cut spending and a sequester, with generally higher spending. We will end up with maybe some cuts, but nothing of substance, while pretending something happened. Then again McCarthy is only asking for a cut to 1% above 2022 spending levels, which isn't much of a cut.[/quote] I don't see House GOP taking their orders from McConnell.[/quote] DP, but the final deal is going to be whatever can pass the Senate with the support of almost all Democrats and at least 20 Republicans. That would get enough Democratic votes in the House because at least half of House Republicans will burn it all down before they support anything the Senate would pass and Biden would sign. [/quote] That’s (one of) the nutty thing about this. Biden is negotiating with McCarthy, but McCarthy can’t deliver 218 votes in the house or 51 votes in the senate.[/quote]
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