Debt Talks: McCarthy Caves On Ethanol Credits, Toughens Welfare-To-Work

  • House GOP leadership apparently caved to midwestern Republicans and hardliners on their major debt limit and tax cut bill overnight, making changes to biofuel tax credits and public assistance work requirement provisions despite insisting on Tuesday that they were done negotiating the measure and would not make any more changes to it.
  • In an apparent deal with midwestern Republicans concerned about the bill’s elimination of ethanol tax credits, a manager’s amendment released during a House Rules Committee hearing that lasted into the wee hours of the night eliminated provisions that would have eliminated tax credits for biofuels. Those tax credits were part of Democrats’ Inflation Reduction Act, the climate, energy and health-care package that Republicans opposed last year.
  • Another change speaks to hardliners who wanted faster implementation of work requirements for assistance programs.
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