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      Sen. Elizabeth Warren appears at a Senate hearing

      Democratic Senators Rip Corporate Lobby for 'Cheerleading' GOP Default Threat and Tax Cuts

      "The American people deserve to understand why you are supporting even more deficit-busting tax giveaways for giant corporations, while also cheerleading Republican demands to inflict painful, job-killing austerity on everyone else."

      Jake Johnson
      May 27, 2023

      The Republican Party's debt-ceiling hostage scheme has benefited from the support of the United States' largest corporate lobbying organization, which has given its stamp of approval to the GOP's push for major federal spending cuts, punitive new work requirements for aid programs, and permitting changes sought by the fossil fuel industry.

      While House Speaker Kevin McCarthy's (R-Calif.) office has reportedly not met with representatives of the U.S. Chamber of Commerce during the debt ceiling standoff, a representative of the powerful business group said earlier this week that such a meeting would be pointless given that the Chamber and the GOP are so closely aligned.

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      Rep. Vern Buchanan (R-Fla.) speaks with Rep. Jason Smith (R-Mo.) during a hearing

      GOP Plans to Unveil Deficit-Exploding Tax Cuts for the Rich Two Weeks After Debt Limit X-Date

      "This hostage crisis has never been about deficits for the GOP," said Rep. Ilhan Omar. "It has always been about wealth transfer—taking away food and healthcare from the poor and middle class to give away $3 trillion more in tax cuts to their rich friends."

      Jake Johnson
      May 24, 2023

      With the U.S. careening toward a default crisis that they manufactured, House Republicans are reportedly crafting a major tax cut package that would overwhelmingly benefit the rich and corporations while blowing a multitrillion-dollar hole in the federal deficit.

      The fresh push for tax cuts, according to Rep. Ilhan Omar (D-Minn.), further shows that "this hostage crisis has never been about deficits for the GOP."

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      Rep. Matt Gaetz leaves a meeting of the House Republican Conference

      Matt Gaetz Openly Confirms Republicans See US Economy as 'Our Hostage'

      "A key player in the extreme MAGA House majority now admits what anyone paying attention has suspected all along," said one watchdog group.

      Jake Johnson
      May 24, 2023

      Through their actions in recent months, House Republicans have made clear that they view the debt ceiling standoff as a hostage situation that they can exploit to advance their political agenda—which includes draconian cuts to social programs and massive handouts to the fossil fuel industry.

      On Tuesday, just days before the June 1 "X-date," Rep. Matt Gaetz (R-Fla.) came right out and admitted it, telling reporters that "my conservative colleagues for the most part support Limit, Save, Grow, and they don't feel like we should negotiate with our hostage."

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