Sen. Susan Collins (R-Maine) suggests some GOP senators would back lifting the debt limit if D’s totally abandoned their $3.5 trillion spending package.

She said it “appears unlikely, but that’s an agreement that could be reached”
Collins also took issue with D’s trying to suspend the debt limit until *after the midterms*

The House cleared a bill last week that’s bound to run into GOP blockade this week
Think fair to say the Collins idea for D’s to scrap Biden’s economic agenda for a debt limit deal is being rejected as total nonstarter

> @RepDonBeyer: The GOP is “demanding the President abandon the agenda the American people elected him to pass” businessinsider.com/susan-collins-…
Also worth noting the debt limit needed to be raised or suspended this year regardless of D spending plans.

The GOP also signed onto three debt limit deals under Trump + grew national debt under his administration (with D’s)

businessinsider.com/susan-collins-…
Another way of viewing her opposition: Collins voted for the Trump tax law which largely slashed corporate taxes and added $2 trillion to the national debt.

The US is still on the hook for that. Now the bills are coming due and she's refusing to pay it
businessinsider.com/susan-collins-…
One Senate D aide weighed in on Collins’s suggestion:

“This reflects the general attitude of the Republican conference to burn it all down when out of power” businessinsider.com/susan-collins-…
> @econwonk with colorful thought this AM on the Collins idea:

“Senator Collins suggestion for helping Democrats raise the debt limit is like suggesting they cut off their own leg to get out of a bear trap. That’s not help, that’s a horror movie.” businessinsider.com/susan-collins-…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Joseph Zeballos-Roig

Joseph Zeballos-Roig Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @josephzeballos

12 Sep
Sen. Joe Manchin this AM on monthly child tax credit:

“Let’s make sure we’re getting it to the right people. There’s no work requirements whatsoever. There’s no education requirements.. Don’t you think if you want to help the children, the people should make some effort?”
Worth pointing out the revamped CTC is still a means-tested benefit program since it applies income thresholds for singles/couples to get the $$

- $75k and below for individuals
- $150k and under for couples
Clarifying point: The above thresholds are for people to receive the full benefit before it starts phasing out
Read 7 tweets
13 Aug
9 House D moderates warn Pelosi they will oppose advancing $3.5T budget blueprint unless bipartisan infrastructure bill gets a vote:

- Josh Gottheimer
- Carolyn Bourdeaux
- Kurt Schrader
- Filemon Vela
- Ed Case
- Vicente Gonzalez
- Jared Golden
- Jim Costa
- Henry Cuellar Image
Fresh reminder of D’s 3 vote margin in the House and if these 9 House D moderates stick to their threat, that’s more than enough to torpedo the $3.5T spending plan
Senior D aide pushes back against letter:

"There are not sufficient votes to pass the bipartisan infrastructure bill this month. This is 9," adding there are "dozens upon dozens" of lawmakers who will oppose it until Senate clears reconciliation bill
businessinsider.com/house-democrat…
Read 4 tweets
7 Aug
Dem Sens. Mark Warner and Ron Wyden just walked from Senate subway onto the floor having what looked like serious crypto discussions.

Both have dueling amendments on crypto tax enforcement

Overheard this from Wyden: “Revenue is very important to me”
Sen. Pat Toomey (GOP co-sponsor w/Cynthia Lummis + Wyden) indicates few signs of progress toward crypto compromise:

“I think we have an amendment that works,” he tells me
Most senators have left the chamber, but Warner + Portman and Toomey + Wyden are huddling w/staff on Senate floor

They don’t look mad at each other, so that’s probably signs of progress on crypto tax amendments
Read 6 tweets
7 Aug
🚨🚨 Sen. Joe Manchin (D-W.Va) signaled he *won’t* back renewal of federal aid for gig workers/long term unemployed past Sept. 6

"I'm done with extensions. The economy is coming back,” he tells me

At least 7.5m people may lose all UI
businessinsider.com/sen-joe-manchi…
Manchin: “Look guys, read your own print.. The economy is stronger now, the job market is stronger. Nine million jobs we can't fill. We're coming back”

Experts concerned about how surge of Delta infections may slow recovery
businessinsider.com/sen-joe-manchi…
Former top Obama economist @jasonfurman says he'd back renewing PUA/PEUC, perhaps tying them to infection rates + hospitalizations:

"Some thoughtful extension... would make a lot of sense given where we are in the pandemic"
businessinsider.com/sen-joe-manchi…
Read 5 tweets
28 Jul
Breakdown of bipartisan infrastructure plan spending, per WH fact sheet:

- $110B for roads, highways and bridges
-$66B for rail
-$65B for broadband
-$55B for clean water
- $43B for ports/airports
- $39B for public transit
The offsets: unspent COVID relief $$, tax enforcement on cryptocurrencies, targeted corporate user fees

Also listed as pay-for: “revenue generated from higher economic growth as result of investments”
Romney told reporters: “This is entirely paid for with real money, some able to be scored, some not.”

“It’s all real cash paying for the deal”

He added that unspent UI $$ is in here, which experts in past have told me can’t be repurposed
Read 4 tweets
9 Jul
Rick Santorum: “We have a bunch of people running around, particularly progressives, who all they want to talk about is let the people’s will be done.”

“No! No, no no, we don’t want the people’s will to be done immediately”
More Santorum: "Remember our constitution was set up to protect who? Minority rights. Not the majority rights."
Story w/Santorum admitting it's tough for R's to roll back social programs once they're in place and a pair of GOP lawmakers urging activists to flood Manchin and Sinema with calls to thank them for preserving the filibuster (all in vid!)
businessinsider.com/video-gop-lawm…
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(