House GOP revises debt ceiling bill in effort to boost support before crucial vote
CBSN
Washington — House Republicans made changes overnight to their legislation raising the debt ceiling and slashing roughly $4.5 trillion in government spending, as GOP leaders sought to bring on board a group of holdouts ahead of a vote that could come as soon as Wednesday.
The tweaks to Republicans' bill, which would lift the debt ceiling for the rest of the year and into 2024, leave intact ethanol tax credits that would've been repealed through the original proposal and move up implementation of more stringent work requirements for recipients of food stamps and Medicaid by one year, from 2025 to 2024.
The revisions to the measure, known as the "Limit, Save, Grow Act of 2023," were revealed in the early-morning hours and sought to address concerns from a group of Midwestern Republicans, specifically members of the Iowa delegation, who pushed back on the initial bill's unwinding of the tax incentives for biodiesel and other alternative fuels. Changes to the effective-date for the stricter work requirements came after GOP Rep. Matt Gaetz of Florida said an "essential element" to winning his vote would be to enact the new rules for social safety-net programs sooner.
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