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Limit, Save, Grow Act of 2023

Floor Speech

Date: April 26, 2023
Location: Washington, DC

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Mr. LAWLER. Mr. Speaker, throughout this debate, I have had three basic parameters: The President and the majority leader must negotiate with the Speaker. We must cut spending. And we must not default.

This bill, the Limit, Save, Grow Act, is a beginning and puts the President and Senate majority leader on notice: The days of one-party rule are over. The American people elected a House Republican majority to serve as a check and balance on the reckless, out-of-control spending that was the hallmark of the last 2 years: $5 trillion in new spending, $10 trillion total, a 41-year record high on inflation, skyrocketing energy costs, America saddled with over $31 trillion in debt and counting.

It cannot continue.

This bill would save Americans $4.8 trillion over the next decade. It would restore FY22 spending, which every Democrat previously voted for and supported.

If it was good 4 months ago, why is it not today?

It would cap future spending at 1 percent per year. It would claw back billions in unspent COVID funds, which the President has acknowledged COVID is now over. It would stop the hiring of 87,000 new IRS agents and employees. It would restore work requirements on able- bodied Americans, requirements previously championed by President Joe Biden and President Bill Clinton. Finally, it would unleash American energy, increasing domestic production while reducing costs for consumers and ending our reliance on foreign oil.

Simply put, we cannot continue to borrow and print new money at the levels this administration has. Republicans and Democrats must come together to rein in spending, protect vital programs like Social Security and Medicare, reduce inflation, and avoid default.

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Mr. LAWLER. Mr. Speaker, this bill begins the conversation, and President Biden and Senator Schumer must now come to the negotiating table and work with Speaker McCarthy in good faith to move our country forward and restore fiscal sanity and solvency.

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