Remember when no one wanted Kevin McCarthy to be Speaker of the House?
And remember how Matt Gaetz struck a deal that allowed him to be removed if he breached his promises?
Well, I distinctly remember one of those promising being he would defund the 87,000 new IRS Agents on Day 1.
Do you remember that?
Here:
That’s a red herring as funding for the IRS is in the omnibus spending bill he allowed to pass unopposed…and so on and on goes the uniparty theatre. @mtgreenee
— d3v1lsadvocate (@hatch526) January 7, 2023
And here:
Can it pass the senate. Otherwise all talk.
— Steve Howard (@sckk8514) January 7, 2023
So what did he do when he had the chance to defund them?
McCarthy held ALL the cards in this Debt Ceiling Negotiation and he played none of them.
He got nothing!
Here’s what we reported yesterday:
When the House Speaker finally had the leverage to remove funding for 87,000 new IRS agents, he handed victory to the Uniparty.
$80 billion was allocated for the IRS over the next 10 years in the Inflation Reduction Act.
How much was cut in Kevin McCarthy’s ‘agreement in principle’ on the debt ceiling with Joe Biden?
Joe Biden, Kevin McCarthy Reach ‘Agreement In Principle’ on Debt Ceiling
Only $1.9 billion!
Several of McCarthy’s colleagues criticized him for the agreement.
“Kevin says we can fight again NEXT year to rescind another year of the IRS $80 billion … but he simultaneously prevented that “fight” by agreeing to suspend the debt ceiling for TWO years. So there will be 85,260 more IRS agents rather than 87,000 to eat you alive. Big win,” Rep. Dan Bishop (R-NC) said.
Kevin says we can fight again NEXT year to rescind another year of the IRS $80 billion … but he simultaneously prevented that “fight” by agreeing to suspend the debt ceiling for TWO years.
So there will be 85,260 more IRS agents rather than 87,000 to eat you alive. Big win. https://t.co/CHRRIxFI4j
— Rep. Dan Bishop (@RepDanBishop) May 28, 2023
“Of the $80 billion Democrats appropriated to the IRS over ten years, the “deal” rescinds $1.9 billion. You read that right. That’s the kind of “get” that’s so good McCarthy agreed to increase the debt ceiling $4 trillion,” he added.
Of the $80 billion Democrats appropriated to the IRS over ten years, the “deal” rescinds $1.9 billion. You read that right. That’s the kind of “get” that’s so good McCarthy agreed to increase the debt ceiling $4 trillion.
— Rep. Dan Bishop (@RepDanBishop) May 28, 2023
No, $78.1 billion of it. https://t.co/HKOQPY4xW1
— Rep. Dan Bishop (@RepDanBishop) May 28, 2023
“$4 Trillion for keeping (effectively) bloated 2023 spending levels & maintenance of the Democrats’ wish list – crony IRA unreliable energy subsidies stay, IRS expansion 98% stays, work requirements weak and don’t apply to Medicaid,” Chip Roy (R-TX) wrote.
A total disgrace!
Now…here’s more.
From TrendingPolitics, here are seven complete failures by McCarthy in this negotiation cave:
Here are seven key points from the preliminary debt ceiling deal that, when taken together, have many conservatives arguing that McCarthy ‘caved’:
- Debt ceiling raised until 2025: The tentative agreement raises the debt limit, ensuring that the government can continue to borrow funds without risking default until the end of 2024.
- Two-year spending caps: The deal establishes annual discretionary spending caps for two years. Non-defense spending levels will remain flat next year and increase by 1% in 2025. However, funding for domestic programs, excluding Social Security and Medicare, will remain unchanged next year.
- Changes to work requirements for welfare programs: The agreement includes expanded work requirements for certain welfare programs, such as the Supplemental Nutrition Assistance Program. Able-bodied adults aged 54 or younger without dependent children will face time limits on receiving food stamps if they fail to meet work requirements. However, the deal expands food benefits for homeless individuals and veterans while leaving Medicaid untouched.
- Partial reduction of IRS funding: In response to Republican concerns, the deal rolls back $10 billion of the $80 billion in IRS funding approved last year to crack down on tax evasion by wealthy individuals and corporations.
- Rescinding unspent COVID-19 relief funds: The agreement includes provisions to claw back unspent COVID-19 relief funding approved during both the Biden and Trump administrations. The rollbacks would affect various programs, including cutting $400 million from the CDC’s Global Health Fund.
- No changes to taxes on the wealthy or corporations: The deal does not address tax changes, leaving intact former President Donald Trump’s 2017 tax cuts for the wealthy and corporate tax loopholes. President Biden’s push for increased taxes on the wealthiest Americans and corporations will likely become a central focus of his reelection campaign.
- Inflation Reduction Act and student loan forgiveness maintained: The White House successfully preserved the Inflation Reduction Act, which focuses on climate and prescription drug policies, as well as the president’s program for student loan forgiveness. These initiatives faced potential elimination in the legislation passed by the GOP-controlled House last month. However, borrowers who received payment pauses during the pandemic will be required to resume payments after the Supreme Court reviews Biden’s student loan forgiveness program.
So I have a simple question for you….
Should McCarthy be REMOVED as Speaker?
Please give me your opinion:
NATIONAL POLL: Do You Support REMOVING McCarthy As Speaker?
I am very interested to see how this turns out…
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