Pinehurst Today

WASHINGTON, D.C. –  U.S. Representative Richard Hudson (NC-09) released the following statement after voting in favor of H.R. 2811, the Limit, Save, Grow Act, House Republicans’ spending reform package which reins in reckless spending and prevents the United States from defaulting on its debts until March 2024:

“The days of President Biden’s out-of-control spending in Washington are over,” said Rep. Hudson. “Republicans made a commitment to deliver an economy that’s strong and a government that’s accountable. This legislation does just that by reining in spending, reclaiming unused pandemic tax dollars, and requiring single, childless adults to look for work while on welfare programs – all while preventing the U.S. from defaulting. It’s past time for President Biden to come to the table.”

According to the Congressional Budget Office, the Limit, Save, Grow Act would result in $4.8 trillion in deficit reduction over the next 10 years. 

The Limit, Save, Grow Act will curb reckless spending, save taxpayer dollars, grow the American economy, and deliver a sensible debt ceiling solution.

• Limit Federal Spending

• Establish spending levels for FY24 at FY22 levels

• Save Taxpayer Dollars

• Reclaim Unspent COVID Funds
• Defund Biden’s 87,000 IRS Army
• Repeal “Green New Deal” Tax Credits
• Prohibit President Biden’s Student Loan Giveaway to the Wealthy

• Grow the Economy

• Strengthen the Workforce and Reduce Childhood Poverty
• Prevent Executive Order and Restore Article 1
• Lower Energy Costs and Utilities

• A Responsible Debt Limit Increase

• Responsibly lift debt limit through March 31, 2024 or by $1.5 trillion, whichever occurs sooner, and be transmitted to the legislative agenda of the US Senate

For a section by section breakdown of the Limit, Save, Grow Act, click here

Original source can be found here.