Washington, D.C. – Today, Speaker Kevin McCarthy (R-Calif.), Majority Leader Steve Scalise (R-La.), Majority Whip Tom Emmer (R-Minn.), Conference Chairwoman Elise Stefanik (R-N.Y.), and Budget Committee Chairman Jodey Arrington (R-Texas) issued the following statement on the passage of legislation to responsibly address the debt ceiling, the Limit, Save, Grow Act of 2023:
“House Republicans just delivered a plan that will address the country’s debt crisis. Our conference came together to pass the only plan in Washington that will tackle the debt ceiling, stop excessive federal spending and inflation, and put our country back on track for sustained economic growth.
“Today’s vote also sends a clear message to President Biden – continuing to ignore the problem is not an option. The President must come to the table to negotiate.
“The Limit, Save, Grow Act is a commonsense approach to return to fiscal sanity by putting an end to Democrats’ trillion-dollar spending sprees while ensuring Veterans, Medicare, and Social Security programs are strengthened and preserved. It will save taxpayers trillions of dollars by reclaiming unused Covid funds, stopping Biden’s student loan giveaway to the wealthy, and defunding his army of IRS agents. At the same time, it will promote a strengthened workforce to help lift more people out of poverty.
“Our plan will also boost American energy, lower energy costs for American families, and stop our dependence on foreign adversaries. We do all this by returning to fiscal spending levels from 2022, which Democrats, including President Biden, applauded and praised just 13 months ago.
“Unfortunately, President Biden and the Democrat-run Senate have been missing-in-action. They are more interested in crafting lazy political attacks than they are in solving the nation’s debt crisis. We owe the American people more than that. House Republicans are showing leadership. Time for Democrats to do their job."