From Katie Porter <info@katieporter.com>
Subject Debt ceiling negotiations, explained
Date April 27, 2023 8:45 PM
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[ [link removed] ]Katie Porter for Senate



John,

Last night House Republicans passed a bill which links raising the
country's debt ceiling with spending cuts and policy changes.

Here’s what you should know: The debt ceiling and future spending are two
separate things that Congress has to deal with.

* Raising the debt ceiling is about making sure our country can pay off
bills we have already incurred. Failing to do this could be disastrous
for the economy.
* Budget negotiations are about deciding what we will spend money on in
the future. Members of both parties should negotiate how to best use
taxpayer dollars, and I believe every cent should be an investment in
the future of our country. For example, expanding the Child Tax Credit
is an investment in our future workforce, and lowering the cost of
insulin for everyone lowers what we spend on healthcare long term.

Kevin McCarthy and some of the most extreme in his party want to link
these to hold the entire economy hostage in order to further an extremist
agenda.

Their budget includes support for Big Oil and draconian cuts to just about
everything—except defense spending.

Now, because we have a divided government, this bill won’t be signed into
law in its current form. [ [link removed] ]Can you add your name to our petition to show
your support for a budget that invests in the future of our country?

[ [link removed] ]Add your name ›››

The budget that President Biden has proposed would do just that—from
investments in affordable child care to increasing Pell Grants, it would
invest in our future workforce while raising taxes on billionaires and
large corporations.

[ [link removed] ]Sign on to show your support.

[ [link removed] ]Add your name ›››

More soon,

Katie




 


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