The Biden-McCarthy debt ceiling bill has passed the House in a 314-117 vote and is headed to the Senate. More Democrats than Republicans ended up voting in favor of the bill, with 165 Dems ( out of 212) voting yes, compared to 149 (out of 222) Republicans.
The deal suspends the $31.4 trillion debt ceiling until January 1, 2025, by which another disappointing deal to lift it will have to be reached.
According to the Heritage Foundation; âThe new agreement essentially leaves untouched Bidenâs slush fund for 87,000 new IRS agents to audit American families. Additionally, this bill could lead to increased overall spending levels next year, potentially giving up on the $132 billion in real upfront cuts promised by Limit, Save, Grow.â Preventing Bidenâs proposed IRS expansion, which would include expanding their workforce by 87,000, was a key promise of McCarthyâs, and House Republicans voted in vain to rescind that funding back in January.
The deal is perhaps only âconservativeâ in the sense that it conserves all of Bidenâs priorities.
McCarthy faced strong opposition to the deal from the Freedom Caucus, of which at least one member, Rep. Dan Bishop, says he plans on moving forward with a motion to vacate McCarthy as House speaker because of this deal. At a press conference, Rep. Scott Perry didnât directly say if heâd support such a motion, but left it open as a possibility in the future. McCarthy can survive no more than four GOP defections.
Matt Palumbo is the author of Fact-Checking the Fact-Checkers: How the Left Hijacked and Weaponized the Fact-Checking Industry and The Man Behind the Curtain: Inside the Secret Network of George Soros
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