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Biden Takes Aim at House Republicans in Effort to Avoid Debt Default

Image courtesy of img.huffingtonpost.com

Key takeaways:

  • The White House is targeting House Speaker Kevin McCarthy and other GOP House members in competitive districts that Biden carried in November.
  • Biden has proposed a $2 trillion infrastructure plan that would be funded by raising the corporate tax rate from 21% to 28%.
  • The White House is hoping that by putting pressure on House Republicans, they can avoid a catastrophic default on the nation’s debt and pass a bill that will benefit veterans and the economy.

The White House is taking the fight to House Republicans this week in an effort to avoid a catastrophic default on the nation’s debt. President Joe Biden is scheduled to meet with the top Republican leaders in Congress on Tuesday, followed by a campaign-style trip to suburban New York on Wednesday.

According to a memo obtained by HuffPost on Saturday, White House Deputy Press Secretary Andrew Bates said that if House Republicans have buyers’ remorse about the cuts they endorsed for those who sacrificed for our freedom and security, the solution is to stop holding the economy hostage and vote against causing a recession.

The White House is targeting House Speaker Kevin McCarthy, R-Calif., and other GOP House members in competitive districts that Biden carried in November. More than 600,000 veterans in a handful of high-profile congressional battleground districts could be hurt by potential cuts to government programs if the House debt limit bill becomes law.

Biden has proposed a $2 trillion infrastructure plan that would be funded by raising the corporate tax rate from 21% to 28%. Republicans have argued that the plan is too expensive and have proposed a $568 billion counteroffer.

The White House is hoping that by putting pressure on House Republicans, they can avoid a catastrophic default on the nation’s debt and pass a bill that will benefit veterans and the economy. It remains to be seen if the President’s strategy will be successful.

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