![]() The memo cites more than a dozen polls showing broad support for not only Biden’s plan to tax the wealthy, but also support for protecting Social Security and investments made through the Inflation Reduction Act. The administration said the data shows “the public clearly backs a plan to cut deficits by asking the wealthy & big corporations to pay their fair share, while ensuring no one earning less than $400,000 will pay more taxes.” In a memo sent to Congress obtained exclusively by CNN, the White House – typically wary of discussing poll numbers – is pointing to a series of surveys showing Americans “overwhelmingly support” Biden’s overall spending plan. The White House is banking on the plan being popular among Americans despite being dead on arrival on Capitol Hill. While Republicans have said they want to make cuts across the board, they haven’t laid out where those cuts will come from specifically. “President Biden has a choice: come to the table and stop playing partisan political games or cover his ears, refuse to negotiate, and risk bumbling his way into the first default in our nation’s history,” McCarthy said in his floor speech.Īsked later by CNN’s Manu Raju if it was a risk to push it to 2024, McCarthy replied, “Isn’t it risky to continue to have a debt this size?” as he went on to attack Senate Democrats and the White House for not acting on the nation’s debt, which is north of $31 trillion. “And no one should do anything to jeopardize the full faith and credit of the United States of America.”īiden’s speech presented a stark split screen with Capitol Hill, as McCarthy took to the House floor just minutes before the President’s remarks to preview his 320-page bill, which the the House speaker claimed will save $4.5 trillion, though official cost estimates have not yet been released. “America is not a deadbeat nation – we meet our obligations, and I made clear to (House Speaker Kevin) McCarthy about how we should proceed to settle our differences,” he added. Working people, middle class seniors are taking the pressure, the entire economy would be at risk.” It would mean cutting Social Security and Medicare, higher interest rates for things like credit cards, car loans, mortgages. ![]() “To default would be worse than totally irresponsible. “Folks, because it’s really dangerous – MAGA Republicans in Congress are threatening to default on the national debt, the debt that took 230 years to accumulate overall – overall, unless we do what they say, they say they’re going to default, unless I agree to all these whacko notions,” Biden said Wednesday afternoon. On Wednesday, Biden addressed a union training center – home turf for the president – and used the developing fight over the debt ceiling, which must be raised in the coming months to avoid a historic default. Instead, from the White House to the Treasury Department, the administration pressed to elevate the issue, pointing to improved customer service such as shortened call times, upgraded service, and a cleared backlog of last year’s returns at the IRS due to the funding from the Inflation Reduction Act. But as Tax Day arrived, the administration was far from defensive. They’ve alleged, without evidence, it would result in more menacing knocks on the door by the tax man, something internal GOP polling repeatedly showed was a politically salient message. IRS funding has been at the center of Republican efforts to undo one of Biden’s cornerstone legislative achievements. The Biden administration has moved this week to elevate the moment, making the case that President Joe Biden’s law that surged $80 billion to the Internal Revenue Service has delivered tangible results at the same time Biden’s tax proposals sit at the center of a White House itching for a fight with House Republicans over long-term spending and raising the nation’s borrowing limit. The fraught politics of tax season have been met by the White House with a perhaps surprising response: a welcoming embrace.
0 Comments
Leave a Reply. |