From Team AOC <[email protected]>
Subject What to know about the debt ceiling bill
Date June 1, 2023 11:16 PM
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[1]Alexandria Ocasio-Cortez for Congress



Late last night, the House passed the so-called ‘Fiscal Responsibility
Act,’ which includes conservative policies that Kevin McCarthy demanded in
exchange for raising the nation’s debt ceiling.

House Republicans hurt the hungry, our climate, and student loan borrowers
— all in the name of so-called ‘fiscal responsibility’ — while absolutely
refusing to close any tax loopholes for the rich. Republicans also refused
to walk back any of Donald Trump’s or President Bush’s tax cuts, which
cost nearly $10 trillion and include tax breaks on yachts and private
jets.^1

Congress voted to increase the debt ceiling three times under President
Trump without ever demanding any budget or policy concessions because we
know it is deeply dangerous for lawmakers to threaten to crash our
economy. If Congress doesn’t raise the debt ceiling, then we default on
our debts — which would crash the stock market and immediately cost
millions of jobs.

[ [link removed] ]Kevin McCarthy held the lives and savings of working people hostage. So
Alexandria joined 46 other Democrats and voted NO on this debt ceiling
deal. Alexandria stands up to hypocritical policies from Republicans that
hurt everyday people. Will you stand with Alexandria and make a $3
contribution today?



[ [link removed] ]Contribute $3



So what did Republicans ultimately get from this debt ceiling bill?

* More work requirements for anti-poverty programs. Research shows that
‘work requirements’ do not increase employment but do increase hunger.
Most people on food stamps already are working — those who don’t work
largely do not because of mental or physical illness. These
requirements just add another layer of paperwork to an already
difficult process. The bill specifically increases work requirements
for 700,000 participants from 49 to 54 years old.^2
* Fewer environmental protections. The bill makes it harder for
communities to stop proposed fossil fuel pipelines and other pollution
near their homes. The bill also allows the Mountain Valley Pipeline to
move forward — a 300-mile pipeline for carrying fracked gas from West
Virginia to Virginia.^3
* Student loan repayments will begin again. Starting September 1, 45
million Americans with federal student loans will have to restart
payments even if the Supreme Court hasn’t ruled on Biden’s student
debt forgiveness program. 90% of people eligible for the President’s
student debt relief earn under $75,000 annually. Resuming payments
without offering them relief would cause enormous hardship.

[ [link removed] ]Alexandria is in Congress to fight back against dangerous, extreme
hypocrisy that has become all to common place in Washington. She’s
fighting to recreate a system that actually works for the people it’s
meant to represent. If you can, will you chip in $3 to
power her fight?

[ [link removed] ]Contribute $3 today →

In solidarity,

Team AOC

1 - [ [link removed] ]Center for American Progress: Tax Cuts Are Primarily Responsible
for the Increasing Debt Ratio

2 - [ [link removed] ]NBC: Anti-hunger advocates slam the expanded work requirements for
SNAP participants in the Biden-McCarthy debt limit deal

3 - [ [link removed] ]Grist: Environmental groups slam ‘poison pills’ in debt ceiling
bill


 

This email was sent to [email protected]. Email is the most important way we keep in touch with people like you, so thank you for reading to the end. Small donors like you keep us going. To contribute via check, please address to Alexandria Ocasio-Cortez for Congress, PO Box 680080, Corona, NY 11368.



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