The Senate on Thursday night time accredited the debt ceiling invoice “negotiated” by Speaker Kevin McCarthy and Joe Biden.
The vote tally was 63-36.
NEWS: 63-36, Senate provides remaining approval of a invoice to droop the debt restrict till January 2025, ending a tense a number of weeks in Washington and a bitter partisan standoff that finally ended with a McCarthy-Biden deal that confronted bipartisan assist and opposition in each homes.
— Manu Raju (@mkraju) June 2, 2023
46 Democrats rubberstamped the invoice together with 17 GOP sellouts. 30 Republicans stood with We the Folks together with 6 Democrats.
Right here is the complete vote breakdown:
The invoice now goes to Biden’s desk and he’ll signal it into legislation.
As TGP’s Kristinn Taylor beforehand reported, Rep. Nancy Mace (R-SC) laid out the brutal reality on the debt ceiling invoice in an epic Twitter thread Tuesday. She succinctly defined why “Republicans received outsmarted by a President who can’t discover his pants”
For the entire thread on Twitter, click on on this tweet:
Washington is damaged.
Republicans received outsmarted by a President who can’t discover his pants.
I’m voting NO on the debt ceiling debacle as a result of enjoying the DC sport isn’t value promoting out our children and grandkids.
— Rep. Nancy Mace (@RepNancyMace) Could 30, 2023
Listed below are essentially the most related observations from Mace:
This “deal” normalizes report excessive spending began throughout the pandemic. It units these traditionally excessive spending ranges because the baseline for all future spending. The invoice then grows govt much more every year at about ~1%.
This deal retains that report excessive spending intact and makes it the baseline for all spending
The invoice doesn’t truly set a debt restrict. Reasonably it suspends the debt restrict completely till Jan. 2, 2025 and there’s no precise quantity capping the debt ceiling.
They inform us this invoice cuts $41b in its first yr; about the identical quantity because the unspent COVID funds. Fairly handy. Additionally not a lower.
A $1.4b lower to the IRS doesn’t equal $80b in cuts to the IRS. Nor does it imply we’re “gutting” the IRS or its 87k new hires. Allegedly there will probably be $10b lower off prime for 2024 throughout the approps course of. However it’s additionally not in invoice. That cash may be lower wherever the IRS decides.
Work necessities for SNAP moved from age 50 to 54 and pupil mortgage forgiveness EO repeal by no means occurred. Undecided why anybody even bothered right here.
Manchin’s carve out for his pipeline will not be germane to the invoice. That is simply your run of the mill govt choosing winners and losers available in the market and enterprise as regular in Washington.
Totally funds each spending request by the Administration (just about).
Arguably the worst a part of the “Fiscal Accountability Act” is the funding for the IRS brokers. As Jim Hoft notes, almost 87,000 new IRS thugs employed by the Biden regime will nonetheless have the ability to bully working-class People and conservative teams because of the Home’s give up.
The so-called “Inflation Discount Act” beforehand gave $79.6 billion to the IRS over the following 10 years.
The Gateway Pundit beforehand reported that Home Freedom Caucus Chairman Scott Perry left open the opportunity of submitting a movement to vacate and eliminate McCarthy if the Speaker pushes via the debt deal. One member has already signaled his assist.
Underneath new Home guidelines, it solely takes one member of Congress, from both occasion, to deliver a “movement to vacate” which forces a vote on eradicating the Speaker of the Home.
It might solely take a easy majority vote to take away McCarthy.
Let’s hope conservatives have the braveness to tug the set off on the movement to vacate and maintain McCarthy accountable.