House GOP unveils plan to raise debt limit by $4 trillion

You’re not wrong to spot the contradiction. For years, conservatives have hammered on the dangers of raising the debt ceiling, yet this move ties it directly to advancing Trump’s tax priorities. It shows how political expediency often overrides consistent principles.

 

GOP: run up the debt, then blame the dems for it, rinse and repeat.

 

Democrats fault for not allowing the government shutdown when they had the power to do something about this

 

Can't be. Tariffs are going to generate trillions.

 

Nothing is more important to Republicans than the whims and desires of the felon former host of The Apprentice.

 

Is $4T necessary to cover the deficit for the remainder of FY2025?

 

Trump caint let Reagan (who nearly tripled the debt) be the hugest gov prez of our lifetimes.

 

Just as with Biden, borrow enough money will make any economy look great. Maga will continue to add even more debt.

 

I would take the Clinton/Gingrich combo back any time.

 

Nothing bad is ever MAGAs fault. Nope, not a cult

 

To pay ice OT to hang outside maternity wards to intercept potential birthright baby mommas

 

I would not be for raising the debt ceiling by $4 trillion

United States debt ceiling - Wikipedia

in 2021 it was raised by $2.5 trillion then in 23 the debt ceiling was suspended

The process of setting the debt ceiling is separate and distinct from the United States budget process, and raising the debt ceiling neither directly increases nor decreases the budget deficit, and vice versa. The Government Accountability Office explains, "the debt limit does not control or limit the ability of the federal government to run deficits or incur obligations. Rather, it is a limit on the ability to pay obligations already incurred."

 

As every good Conservative knows, you gotta spend money to save money!

Debt Limit | U.S. Department of the Treasury

 

and let's give the orange god the right to unilaterally strip non profit status with no real due process.

the power of a king to decide who gets to pay taxes and who doesn't

oppose the cult leader, lose your tax exempt status. Pubs actually writing that into the tax bill

'Wanton destruction': Republicans sneak nonprofit killer into their tax package

The proposal would empower the U.S. Treasury Department to revoke the tax-exempt status of nonprofits deemed material supporters of terrorism, with only a hollow simulacrum of due process for the accused organizations. It is already illegal for nonprofits to provide material support for terrorism.

"The House is about to hand the Trump administration the ability to strip nonprofits of their 501(c)3 status without any reason or recourse. This is a five-alarm fire for nonprofits nationwide," said Lia Holland, campaigns and communications director at Fight for the Future. "If the text of last autumn's H.R. 9495 is passed in the budget, any organization with goals that do not line up with MAGA can be destroyed with a wink from Trump to the Treasury."

 

yep an Shumer had an opportunity to prevent what everyone knew would happen.

 

and every republican senator and house member has a chance to change it

i know you would prefer for the dems to get blamed for gubmnt shutdown and trump to have even more executive powers that happen during a shutdown. all hail the king

MAGA does something stupid daily..it's always the dems fault. nope, not a cult

 

GOP 'voucher scheme for the wealthy' would hand $5 billion to religious, private schools

Speaker Mike Johnson’s House Republicans want to insert a provision into their massive tax cuts bill that would create a system to hand private and religious schools $5 billion annually and wealthy donors yet another tax break.

Calling it an “unprecedented effort to use public money to pay for private education,” the Associated Press reports that it “would advance President Donald Trump’s agenda of establishing ‘universal school choice’ by providing families nationwide the option to give their children an education different from the one offered in their local public school.”

If enacted, the system would provide a vehicle for donors to donate cash or stocks, then receive full value via a tax credit —”100% of the contribution back in the form of a discount on their tax bills,” according to the AP. “It would allow stock holders to avoid paying taxes that would be levied if they donated or transferred the stock.”

Samantha Jacoby, Deputy Director of Federal Tax Policy with the Center on Budget and Policy Priorities described it as “a new federal tax credit to subsidize private school vouchers — effectively the first nationwide voucher program.” She called it “a costly tax break for the wealthy [with] an egregious capital gains tax loophole.”

 

The republicans didn’t have the votes .they need the dens to cross over. As is always the case , I’m always rooting for a shutdown.

 

pubs have the votes to defeat this bill..wth you talking bout willis? trump wants a shutdown, it gives him lots more executive authority