Earlier this week, Speaker of the U.S. House of Representatives, Kevin McCarthy, gave a speech at the New York Stock Exchange where he discussed (in incredibly vague terms) the Republican party’s proposal to raise the debt ceiling so our country doesn’t default on its financial obligations. This proposal is conditioned with all sorts of budget cuts, including repealing parts of the Inflation Reduction Act; for example, rescinding $80 million in IRS funding to target auditing of the wealthy and large corporations, and certain green energy subsidies. It also imposes additional work requirements on those who already qualify to receive public assistance—in this case the Supplemental Nutrition Assistance program (SNAP), which was previously called food stamps, and Medicaid (health insurance for the poor).
What do you think about these recycled proposals for work requirements to receive health insurance and food? Please share your thoughts in the Comment Section below.
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