Southern West Virginia News

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WASHINGTON, D.C. - On April 26, 2023, Congresswoman Carol Miller (R-WV) released the following statement on the passage of the Limit, Save, Grow Act of 2023 in the House of Representatives. The bill contains the House Republicans plan on the debt ceiling.

 “House Republicans have been the adults in the room and passed the debt ceiling plan that saves Americans $4.8 trillion over 10 years," said Congresswoman Miller. "This is our solution to the debt crisis that has been accelerated by Democrats over the past two years. House Republicans are keeping our commitment to America by strengthening the economy and saving taxpayers money. As the bill goes to the Senate and President Biden, I encourage them to keep this in mind: passing a fiscally responsible debt ceiling will protect our children’s future."

Background:

Since President Biden took office the 10 year spending trajectory has increased by $10 trillion. The passage of the so-called Inflation Reduction Act by the democrats included $80 billion to the Internal Revenue Service and $400+ billion for Green New Deal initiatives. 

The Limit, Save, Grow Act of 2023:

• Limit Federal Spending: Reckless government spending has caused record high inflation, supply chain shortages, and instability in banking systems. This bill will establish spending levels for FY24 at FY22 levels which will allow for 1% annual growth over the next 10 years, hence saving $3.6 trillion. 
• Save Taxpayer Dollars: The bill will focus on reclaiming unspent COVID funds, preventing the funding for new 87,000 new IRS agents, repealing the "Green New Deal" tax credits, and prohibiting President Biden's student loan giveaway to the wealthy. 
• Grow the Economy: While keeping the government accountable the Republican debt ceiling plan will prevent executive overreach into policies which aim to lower energy costs for the American people, strengthen the workforce, and reduce childhood poverty. 
• Responsible Debt Limit Increase: The debt limit would be responsibly lifted through March 31, 2023 and transmitted to the United States Senate. 

Original source can be found here.