McCarthy to Wall Street: GOP Will Hold Economy Hostage to Cut Aid Programs

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McCarthy to Wall Street: GOP Will Hold Economy Hostage to Cut Aid Programs
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'McCarthy went to Wall Street to spread Republicans' message to billionaires and corporate executives: They want hardworking families to pay the cost of keeping the government up and running​,' said SenWarren.

to rescind Trump-era guidance that gave states a green light to attach work requirements to Medicaid benefits.in response to McCarthy's remarks,"There were no Medicaid work requirements in effect when Biden took office."

"In 2018, Arkansas briefly implemented Medicaid work requirement, which was a disaster, didn't promote work, but did create lots of red tape, and caused 18,000 to lose their health coverage," Alker wrote on Twitter."A federal court stopped it. Appeals court upheld the ruling and no other state implemented [work requirements for Medicaid]."

;&#x201cSpeaker of the House Kevin McCarthy went to the New York Stock Exchange today, to tell Wall Street that there should be work requirements for government benefits.;&#x201dMcCarthy insisted that"trillions" of dollars in federal spending would be cut under the GOP's plan and demanded that the president meet with him to negotiate, but the Republican leader offered few specific details in his Monday speech.

"The speaker doubled down on the MAGA majority's threats to hold the economy hostage and keep the nation from paying its bills, but couldn't even articulate the ransom demands," said Liz Zelnick, director of Accountable.US' Economic Security and Corporate Power program.

"While MAGA extremists in Congress can't seem to agree on the degree to which to punish seniors, workers, and low-income Americans with cuts to crucial safety nets," Zelnick added,"they're in complete alignment that no billionaire or profiteering corporation should pay their fair share."

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