Iowa’s Republican U.S. House delegation defended their votes in support of the Biden-McCarthy debt deal.
Third District Rep. Zach Nunn called the bill a “strong step toward fiscal responsibility.” Nunn claimed the bill cuts $1.5 trillion off the debt while fully protecting Medicare, Social Security and veterans’ benefits.
“Importantly, by preventing default, this bill will provide critical certainty to Iowans who rely on the government to pay its bill on time and prevent a catastrophic interest rate increase that would have made it nearly impossible for first-time home buyers and Iowa’s aspiring small business owners.”
Second District Rep. Ashley Hinson said the Biden-McCarthy debt deal cuts spending and reforms the spending process while avoiding a default that would have “catastrophic consequences.”
First District Rep. Mariannette Miller-Meeks claims the bill cuts more than $2 trillion in “wasteful spending.” She also claimed the bill defunds the IRS and keeps it from being weaponized against taxpayers.
President Joe Biden said the bill is “good news” for Americans and the economy.
“It protects key priorities and accomplishments from the past two years, including historic investments that are creating good jobs across the country,” Biden said. “And, it honors my commitment to safeguard Americans’ health care and protect Social Security, Medicare and Medicaid.”ju