What Republicans want in exchange for raising the debt limitView Original Article
Source: CNBC bias rating
Published: May 25, 2023
Contributing sentiments towards policy:61% : Repeal the electric vehicle tax credits at the center of Biden's renewable energy agenda, which were passed last year in the Inflation Reduction Act, or IRA.Repeal $80 billion in additional Internal Revenue Service funding, also part of the IRA.Overturn Biden's executive action to forgive approximately $315 billion worth of student loan debt.
55% : Enact the REINS Act, which would require regulatory agencies such as the Federal Trade Commission and the Environmental Protection Agency to get congressional approval before they could issue major rules.
54% : The talks could get dicey over the question of what kinds of permits to prioritize: Republicans want fossil fuels, while many Democrats believe renewable energy should top the list.
50% : New work requirements for Medicaid: The Republican debt limit bill passed by the House in April would require able-bodied adults with no children to work or train for work in order to stay on Medicaid, the federal health insurance for low-income people.
46% : Energy and mining permitting reform: The proposal is arguably the easiest issue for negotiators to reach consensus on, given that both the White House and House Republicans support the broader goal of making it easier to launch new energy projects such as wind farms and gas pipelines in the United States.
43% : Yet he also insists that defense spending — which makes up more than 30% of the total — be insulated from any cuts.
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