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Pfluger votes to fix national debt crisis

Washington, April 26, 2023 | Lyssa Bell (202-225-3605)
Tags: Economy

Wednesday, Congressman August Pfluger (TX-11) released a statement following his vote for the Limit, Save, Grow Act of 2023:

Rep. August Pfluger: “Republicans put forward our plan to fix the national debt crisis, save an estimated $4.5 trillion over ten years, put an end to government programs that are being against our own citizens, and get people back to work—all while protecting Medicare and Social Security and restoring American energy dominance. President Biden must make the right choice for Americans and come to the table to negotiate.”

Limit, Save, Grow Act:

  • Limit future spending by returning discretionary spending to pre-pandemic levels while maintaining a strong national defense and protecting Medicare and Social Security
    • Reduces excessive government spending by setting FY24 discretionary spending at FY22 levels ($129 billion in immediate savings)
    • Caps growth of discretionary spending at 1% per year for the next ten years while maintaining current funding for national defense, veterans, and national security ($3.2 trillion savings over ten years)
    • Protects funding of our national defense and makes no cuts to Medicare or Social Security
  • Save taxpayer money
    • Claws back unobligated COVID funds ($29.5 billion in immediate savings)
    • Defunds the Democrats’ massive expansion of the IRS ($71.5 billion in immediate savings)
    • Repeals federal spending on Green New Deal tax credits ($569.5 billion in savings)
    • Prohibits the illegal Biden student loan bailout ($460 billion in savings)
    • These reasonable fiscal reforms save $547 billion in interest payments on our national debt
  • Grow the economy and workforce by increasing American energy production, reducing federal regulatory burdens, and instituting reasonable work requirements for able-bodied citizens who receive federal benefits
    • Includes the REINS Act to require Congressional approval of any federal regulation that has an economic effect of at least $100 million, spurring economic growth and reducing the burden on small businesses and families
    • Institutes reasonable, Clinton-era work requirements on SNAP, TANF, and Medicaid to lift people out of poverty, grow the workforce, and reduce federal entitlement spending ($120.1 billion in savings)
      • Adjusts the age of existing SNAP work requirements from 18-49 (current law) to 18-55 (maintaining current law exemptions for parents, pregnant women, students, and those with disabilities)
      • 19-55 year-olds on Medicaid will be required to work, volunteer, or enroll in a work training program for at least 80 hours per month (with the same SNAP exemptions)
      • Eliminates gimmicks that states exploit to exempt TANF recipients from work requirements under current law
    • Includes the Lower Energy Costs Act to increase domestic energy production and exportation, reduce regulatory burdens, and reform permitting across all sectors of the economy ($3.4 billion in savings)