The Corner

Revealed: The House GOP’s Debt-Ceiling Plan

Below is an outline of the GOP’s debt-ceiling bill obtained by National Review Online. The document originated from staff to a senior member of the House Appropriations Committee and is dated yesterday. A GOP-leadership aide says there are some differences between this and their latest summary, so take that for what it’s worth. As always with the House Republicans, it is subject to discussion from members, many of whom are quite vocal in providing their input on such plans.

House leadership is planning to pass the bill as early as Saturday. The bill itself is expected to be released imminently. The outline is not a huge surprise — most of the provisions have been floated or leaked, but it’s interesting to see the breadth of the demands laid out on paper.

Voting to increase the debt ceiling is always a brutal vote for lawmakers, because it’s very unpopular with their constituents back home. House conservatives also worry about undermining the Senate process and particularly Senator Ted Cruz’s fight in that chamber. For example, there have been efforts to keep the House’s plans under the radar until after the final cloture vote in order not to hinder Cruz’s push for the GOP to filibuster.

  • One Year Debt Limit Increase

    • Not a dollar amount increase, but suspending the debt limit until the end of December 2014.

      • Similar to what we did earlier this year.

    • Want the year long to align with the year delay of Obamacare.

  • One Year Obamacare delay

  • Tax Reform Instructions

    • Similar to a bill we passed last fall, laying out broad from Ryan Budget principles for what tax reform should look like.

    • Gives fast track authority for tax reform legislation

  • Energy and regulatory reforms to promote economic growth

    • Includes pretty much every jobs bill we have passed this year and last Congress

    • All of these policies have important positive economic effects.

    • Energy provisions

      • Keystone Pipeline

      • Coal Ash regulations

      • Offshore drilling

      • Energy production on federal lands

      • EPA Carbon regulations

    • Regulatory reform

      • REINS Act

      • Regulatory process reform

      • Consent decree reform

      • Blocking Net Neutrality

  • Mandatory Spending Reforms

    • Mostly from the sequester replacement bills we passed last year

    • Federal Employee retirement reform

    • Ending the Dodd Frank bailout fund

    • Transitioning CFPB funding to Appropriations

    • Child Tax Credit Reform to prevent fraud

    • Repealing the Social Services Block grant

  • Health Spending Reforms

    • Means testing Medicare

    • Repealing a Medicaid Provider tax gimmick

    • Tort reform

    • Altering Disproportion Share Hospitals

    • Repealing the Public Health trust Fund

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