Speaker Kevin McCarthy is working to unify House Republicans around a slate of proposals to slash spending and balance the budget for when he enters negotiations with President Biden about raising the debt limit.
To that end, Mr. McCarthy on Tuesday outlined four broad requirements that need to be met before Republican lawmakers will vote to hike the cap on how much the government can borrow to meet its expenses.
However, every group and every member of the House Republican Conference has leverage. Mr. McCarthy can lose only five Republican votes on any bill without having to rely on Democratic votes. Apart from slashing spending by $130 billion, the Freedom Caucus is also demanding Congress claw back federal funding for several top White House initiatives. That includes the more than $400 billion set to go to Mr. Biden’s student loan forgiveness, $90.5 billion in unspent COVID-19 aid, and $80 billion more for the IRS over the next decade.
Republican Study Committee Chair Kevin Hern said his group was focused on structural changes that would keep spending in line with tax revenue. Topping the list is overhauling the federal pension system and capping the annual growth of nondefense spending. “No one wants to put their neck on the line for a budget or spending bill that isn’t going anywhere in the Democratic-run Senate,” said a centrist Republican who asked for anonymity to discuss the matter. “We’re the majority-makers. If we can’t vote for it, then neither should the Republican House.”
“We know that work is the only path out of poverty,” said Mr. Johnson, South Dakota Republican and chairman of the Main Street Caucus, a conservative group focused on pragmatic policies relating to the economy, business, environment and national security.
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