RELEASE: Congressman Moran Statement on Passage of the Limit, Save, Grow Act of 2023
Washington, D.C., April 26, 2023
WASHINGTON, D.C. – Congressman Nathaniel Moran (TX-01) released the following statement after supporting H.R. 2811, the Limit, Save, Grow Act of 2023, which passed the House of Representatives today by a 217-215 vote:
“Out-of-control government spending leads to out-of-control inflation. Americans know this all too well, and over the past 28 months, they’ve felt it in their pocketbooks. In the last Congress, Speaker Pelosi repeatedly wrote blank checks to President Biden, enabling him to spend at-will at the expense of the American taxpayers. But, Republicans promised that would all end.
“Today, Republicans in the House made good on that promise by passing H.R. 2811, the Limit, Save, Grow Act of 2023, which is the largest proposed spending cut in American history — one that will save taxpayers $4.8 trillion over the next ten years. This bill will return spending to Fiscal Year 2022 levels and constrain future growth in spending to 1% per year over the next ten years. It will also defund Biden’s 87,000 IRS agents, repeal his Green New Deal tax credits, prohibit Biden’s proposed student loan forgiveness program, reinstate important work requirements for those receiving certain government assistance, and block efforts by Presidents of either party to put in place expensive unilateral executive orders without legislative consent.
“This is but the first step to restoring fiscal discipline in Washington, D.C., and there is much more to be done. Now, the legislative ball is in the court of Senate Democrats and President Biden to respond in like manner to work on behalf of the American taxpayers to rein in spending and reduce inflation.”
The Limit, Save, Grow Act of 2023 will return federal spending to levels from Fiscal Year 2022, saving $3.6 trillion. To cut wasteful spending, the legislation will rescind the unused COVID-19 relief funds, repeal “Green New Deal” style tax provisions associated, revoke funding allocated to the IRS for the recruitment of 87,000 new agents, and terminate President Biden’s student loan giveaway program. To grow the economy, the legislation will tie work requirements to assistance programs for able bodied individuals without dependents to get people back on their feet, unleash American energy production, and allow Congress to block federal regulations that would have an economic impact of $100 million or more. Altogether, this legislation will lead to $4.8 trillion in savings over the next ten years.