Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

House GOP blasts CBO projection that Biden-McCarthy debt limit deal would actually expand SNAP

by May 31, 2023
May 31, 2023
House GOP blasts CBO projection that Biden-McCarthy debt limit deal would actually expand SNAP

House Republican leaders are dismissing the Congressional Budget Office’s (CBO) latest projection that says the debt limit deal struck by President Biden and Speaker Kevin McCarthy, R-Calif., would actually increase the number of people eligible for federal benefits.

Tightening access to SNAP and other benefit programs has been touted as a key victory touted by Republican negotiators, part of their overall demand to slash spending in exchange for raising the federal borrowing limit.

The bill would raise the upper age limit of single American adults who must fulfill work requirements to get SNAP from 49 to 54, while providing exemptions for the homeless, veterans and young people aging out of the foster care system.

Late on Tuesday, the CBO released an updated score of the bill, The Fiscal Responsibility Act of 2023, which said that the proposed changes would actually expand the net eligibility to SNAP by roughly 78,000 people – or about 0.2%. 

‘The simple answer is the CBO got it wrong,’ House Financial Services Chair Patrick McHenry, R-N.C., said at a late night press conference. ‘These populations are already included. And most states, under the 12% cap that they currently have, which says even if they have all these currently excluded populations, that are not required to be in work or seeking work, they can have up to 12% of their population exempted. We reduced that number down to eight.’

Agriculture Committee Chair Glenn Thompson, R-Pa., similarly criticized the projection as ‘wrong’ and claimed the CBO did not add up its figures correctly.

‘They double-counted individuals that there were— new categories that were created, specifically veterans, the homeless, 18-year-olds that have been living in foster care,’ Thompson said. ‘I hope you’re all aware the tragic situation that happens there, many times, when a young person ages out, they put their life belongings in a garbage bag and because it all fits there and they go out to try to find a place in the world. And very frankly, those folks, most of those folks are already counted as eligible.’

‘So CBO basically, they scored this as a $2 billion costs, which is completely false,’ he added.

But the update left some GOP members, particularly those who were already opposed to the bill, even more disenchanted. 

Fox News Digital asked Rep. Lauren Boebert, R-Colo., for her reaction to the CBO update as the congresswoman was leaving a closed-door conference meeting. She replied sarcastically, ‘Yay debt.’

When asked a follow-up question about how House GOP leadership fielded dissenters’ concerns, Boebert described it as, ‘Sit down little girl, we got this.’

Rep. Dan Bishop, R-N.C., among the first House Republicans to voice dissent, wrote on Twitter, ‘The Biden-McCarthy deal expands welfare. Heckuva negotiation, guys.’

‘Yet another example of this bill doing one thing while its proponents incorrectly claim that it does precisely the opposite,’ Sen. Mike Lee, R-Utah, who signaled that he’s against the bill in its current form, also said.

Elizabeth Elkind is a politics reporter for Fox News Digital. 

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
How common is copyright infringement in fast fashion?
next post
‘Blacks for Trump’ leader who wants to ‘destroy DeSantis’ was early follower of deadly Black supremacist cult

You may also like

Warring GOP factions strike deal to raise threshold...

November 14, 2024

New York Congressional Candidate Running Against Jerry Nadler...

October 16, 2022

Speaker Johnson faces new GOP rebellion, this time...

January 31, 2024

Outrageous! Heartbreaking Video Shows Moment New Zealand Authorities...

December 9, 2022

Jared Kushner Criticizes Sending Migrants to Martha’s Vineyard,...

September 22, 2022

Oklahoma Supreme Court greenlights life-of-mother exception to abortion...

March 22, 2023

Controlled Opposition: RNC Chair Ronna McDaniel Says Republicans...

November 6, 2022

“Democrats Run on Division, Hatred, Anger, Fear” –...

October 24, 2022

Hamas leader killed in Lebanon was UN employee,...

September 30, 2024

Joe Biden Insists Scandal-Plagued Hunter Did Not Cause...

September 19, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved