Upstate SC News

On April 26, Congressman Jeff Duncan released the following statement after the Limit, Save, Grow Act to restore fiscal responsibility in Washington passed the House.

“The best way to grow America is to shrink Washington. We will do this through the Limit, Save, Grow Act: limit government spending, save taxpayer dollars, and grow the economy. Instead of giving the Administration a blank check like Congressional Democrats did last Congress, it’s time we take responsible steps to cut government spending, lower inflation, reduce dependence on our adversaries like China, and expand our economy.  I was proud to support the Limit, Save, Grow Act because it is fiscally-responsible policy that will lead to over $4.5 trillion in taxpayer savings.”

“As a lifelong fiscal conservative and someone who has been a longtime advocate for fiscal responsibility in Washington, this plan is something I can get behind. The national debt has surpassed $31 trillion, and the Left has spent more than $6 trillion since Joe Biden took office. We are currently in a dangerous and unsustainable place financially because of Washington’s out-of-control spending and COVID-era handouts. Americans feel the pain of Joe Biden’s economy as we deal with the aftereffects of unfettered federal spending in the form of surging inflation and higher energy costs.”

“If the status quo continues, we will leave the next generation with a lower standard of living than our own. To continue down this road would be insanity, and it’s time we live within our means instead of racking up debt. Joe Biden, however, refuses to address this and continues to ignore the inevitable—the White House must come to the negotiating table and quit kicking the can down the road. Since I came to Congress, I have worked hard daily to tackle Washington’s spending problem to ensure a better life for my children and grandchildren. Limit, Save, Grow is fiscally conservative legislation that will responsibly help us get past Washington’s COVID-era spending spree and get our fiscal future back on track.”

Background:

The Limit, Save, Grow Act will:

1. Limit Federal Spending. Rolling back to FY2022 spending levels and instituting a 1% annual growth cap will amount to an estimated $3.6 trillion in savings over the next ten years – and this includes upfront cuts now, not just promises of cuts in the future. This legislation also protects funding of our national defense and does NOT cut Medicare or Social Security.
2. Save Taxpayer Dollars by reclaiming unspent COVID funds, defunding Biden’s IRS army, repealing “Green New Deal” tax credits in the Inflation Reduction Act (estimated to be valued at $1.2 Trillion by Goldman Sachs), and blocking Biden’s student loan “forgiveness” scheme.
3. Grow the Economy by strengthening the workforce, restoring commonsense work requirements for federal assistance programs (while reducing childhood poverty), preventing executive overreach through the REINS Act, lowering energy and utility costs, and increasing domestic energy production by including H.R. 1, the Lower Energy Costs Act.  

This legislation is supported by the Council for Citizens Against Government Waste, Heritage Action, National Taxpayers Union, and Americans for Limited Government.

Original source can be found here.