April 28, 2023

Limit Spending, Save Taxpayer Dollars, Grow the Economy

Friend,

The House voted this week to limit spending, save taxpayer dollars, and grow the economy. This is a step in the right direction. For too long, Washington's spending has gone unchecked, putting our nation over $31 trillion in debt. Now, it's time for the President and Congress to work together to get us on a path towards fiscal stability. 

With my support, the House voted to approve the Limit, Save, Grow Act. It is an important step in addressing the debt ceiling and getting our country's fiscal house in order. The legislation addresses policy issues that many Americans agree on. I wanted to highlight a few of the policy areas that this legislation focuses on.

This legislation will limit federal spending and reduce the size of the federal government.

• Returns annual spending to Fiscal Year 2022 levels, returning annual spending to the same level as it was only 4 months ago
• Increases annual spending each year by only 1%

The Limit, Save, Grow Act will protect Social Security and Medicare. No changes are made to Medicare and Social Security payments for seniors. I remain committed to protecting Social Security and Medicare. 

The plan would also grow our economy and strengthen the American workforce. Currently, there are more job openings than workers able to fill them. Strengthening work requirements for our government programs is a sensible solution. In Wisconsin, voters have overwhelmingly voted to strengthen work requirements. The work requirement ballot referendum question in the Spring election was supported by nearly 80% of Wisconsin voters. This would require able-bodied childless adults that receive taxpayer funded welfare benefits to work. The Limit, Save, Grow Act includes similar, common sense solutions to grow the economy and our workforce. 

• Expanded work requirements for childless, able-bodied adults receiving Medicaid, or funds from the Supplemental Nutrition Assistance Program (SNAP), and the Temporary Assistance for Needy Families (TANF)
• Enacting reforms for energy regulations and permitting to increase American energy production, create jobs

Lastly, the proposal would save taxpayer dollars. The CBO estimates, the Limit, Save, Grow Act will reduce the American deficit by $4.8 trillion over the next 10 years. This can be accomplished by implementing the policies above and these provisions: 

• Rescinding unused COVID relief funds
• Preventing student debt cancellation proposals

Earlier this year, the House also passed a bill to officially end the COVID-19 pandemic. President Biden signed this legislation into law two weeks ago, which means that the COVID-19 pandemic is officially over. Even though the pandemic has officially ended, billions of federal COVID dollars that were allocated to U.S. states have gone unspent for over two years. Our plan would claw back any unobligated funding, and save taxpayer money. 

The American people elected a divided government and deserve a common-sense solution to the debt ceiling. The House is ready to work with the Senate and President Biden to find a compromise. I believe that this legislation is a step in the right direction. The House has proposed a responsible debt ceiling increase and has sent this proposals to the Senate. It is time for the Senate and President Biden to come to the table and act. 

As always, please feel free to contact my office if we can be of assistance to you

On Wisconsin,

Bryan Steil
Member of Congress

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