A promising start has given way to challenging political realities for supporters of a bipartisan commission to tackle the federal government’s growing debt challenges. House Speaker Mike Johnson lauded the idea of establishing such a commission on his first day in office.
Speaker of the House Mike Johnson , R-La., speaks during a news conference at the Capitol in Washington, May 7, 2024. A promising start has given way to challenging political realities for supporters of a bipartisan commission to tackle the federal government’s growing debt challenges. Johnson lauded the idea of establishing such a commission on his first day in office. Sen. Joe Manchin , D-W.Va.
Sen. Joe Manchin, D-W.Va., sponsor of the debt commission bill in the Senate, was even more pessimistic.The debt commission legislation, modeled after previous efforts, would create a 16-member panel to recommend steps that could be taken to balance the federal budget at the earliest reasonable date and improve the long-term fiscal health of Medicare and Social Security.
Supporters of a new debt panel noted that they modeled their bill on something that has succeeded in the past — commissions to consolidate the nation’s military bases. The new commission would work under a similar structure with the legislation requiring each chamber to vote on its final proposal expeditiously.
More than 100 Democratic lawmakers also signed onto a letter opposing the commission back in January as powerful groups such as the AFL-CIO and AARP voiced their concerns. Grover Norquist, president of Americans for Tax Reform, said any mechanism that allows for tax increases undermines former President Donald Trump and other Republicans running for office on a platform of cutting taxes. He said the focus must be strictly on spending reductions, and “tax increases are what politicians do instead of making decisions and hard choices.”
United States House Of Representatives United States Government General News Congress United States F Jodey Arrington Joe Manchin Washington News U.S. Democratic Party District Of Columbia Politics W Business Mike Johnson U.S. Republican Party
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