House GOP Blinks: Will Lift Debt And Reopen GovernmentSubmitted by emalvini on Fri, 10/11/2013 - 18:19
House GOP Blinks: Will Lift Debt And Reopen Government
by MIKE FLYNN 11 Oct 2013, 8:52 AM PDT
House Republicans have sent the White House a revised proposal to lift the debt ceiling for six weeks, as well as reopen government through December 15th, which was their original spending proposal before the partial shutdown. The revised GOP plan reflects the demands Obama made in a meeting with House GOP Leaders on Thursday. It also reflects the unwillingness of the DC GOP to face a fiscal showdown with Democrats.
Aside from reopening the government and agreeing to raise America's debt over the current $16.7 trillion limit, the Republicans made several other concession to President Obama and the Democrats. One such example is that Obamacare would receive funding. The Republicans would get to take out a portion of the president's signature legislation, but the law would substantially remain intact.
The AP reports:
Under a proposal she and other GOP senators have been developing, a medical device tax that helps finance the health care law would be repealed, and millions of individuals eligible for subsidies to purchase health insurance under the program would be subject to stronger income verification.