The full House passed by a 217-215 vote late Wednesday afternoon Speaker Kevin McCarthy's bill to raise the debt limit — the Limit, Save, Grow Act of 2023 — which would result in at least a 23% budget cut to the Social Security Administration and many other federal agencies, according to a Social Security advocacy group.
"Shame on House Republicans for passing a draconian debt ceiling bill that would slash federal spending on behalf of seniors and other vulnerable members of society," Max Richtman, head of the National Committee to Preserve Social Security and Medicare, said in a statement.
"The passage of Speaker McCarthy's so-named 'Limit, Save, Grow Act' does not reflect the will of the American people," Richtman added.
The bill would freeze nondiscretionary spending at fiscal 2022 levels for 2024, which would result in a 23% budget cut for most agencies, according to Richtman.
The bill now heads to the Senate, where it is likely to be dead on arrival, according to Senate Majority Leader Chuck Schumer, D-N.Y.
