Duval Times

WASHINGTON, D.C. – This evening, Congressman John Rutherford (FL-05) released the following statement on House passage of H.R. 3746, the Fiscal Responsibility Act of 2023:

“For the first time in history, Congress will be spending LESS year-over-year under the Fiscal Responsibility Act of 2023. This legislation will put our country back on track by cutting government spending, encouraging economic growth, easing inflation, and preventing new taxes on the American people. Additionally, this bill is a strong investment in our national defense and veterans, while preserving Medicare and Social Security.

Not every play can be a Hail Mary, and House Republicans can be proud we moved the ball down the field in a significant way. Under Speaker McCarthy’s leadership, we forced a negotiation on our terms, pushed President Biden to concede his top priorities, and successfully passed legislation that will hold his administration accountable for their reckless spending.”

The FRA will reduce our federal deficit and invest in our economy by:

• Cutting topline discretionary spending levels for the next two years;
• Capping spending increases for years three through six to control future spending;
• Clawing back $28 billion in unspent COVID-19 funding;
• Defunding $1.4 billion for additional IRS agents, with more cuts planned for next year;
• Requiring President Biden to pay for new executive rules and regulations through administrative pay-as-you-go requirements;
• Ending the freeze on student loan repayments; and
• Implementing commonsense work requirements for able-bodied Americans to participate in federal assistance programs.

Original source can be found here.