PFLUGER: After House Vote Cuts $4.8 Trillion & Fixes Debt Limit, Biden Needs to Negotiate

Grow the economy and workforce by increasing American energy production, reducing federal regulatory burdens, and instituting reasonable work requirements for able-bodied citizens who receive federal benefits

Texas Insider Report: WASHINGTON, D.C. – Last  week, House Republicans passed our plan to fix the national debt crisis, save nearly $5 trillion in the next ten years, put an end to government programs that are being against our own citizens, and get people back to work – all while protecting Medicare and Social Security and restoring American energy dominance. President Biden must make the right choice for Americans, and come to the table to negotiate.
 
Here's some information about the "Limit, Save Grow Act:"
 
Limit future spending by returning discretionary spending to pre-pandemic levels while maintaining a strong national defense and protecting Medicare and Social Security
 

• Reduces excessive government spending by setting FY24 discretionary spending at FY22 levels ($129 billion in immediate savings)
• Caps growth of discretionary spending at 1% per year for the next ten years while maintaining current funding for national defense, veterans, and national security ($3.2 trillion savings over ten years)
• Protects funding of our national defense and makes no cuts to Medicare or Social Security

•      Claws back unobligated COVID funds ($29.5 billion in immediate savings)
•      Defunds the Democrats’ massive expansion of the IRS ($71.5 billion in immediate savings)
•      Repeals federal spending on Green New Deal tax credits ($569.5 billion in savings)
•      Prohibits the illegal Biden student loan bailout ($460 billion in savings)
  •      These reasonable fiscal reforms save $547 billion in interest payments on our national debt

Growing the economy and workforce by increasing American energy production, reducing federal regulatory burdens, and instituting reasonable work requirements for able-bodied citizens who receive federal benefits includes:
 

• the REINS Act to require Congressional approval of any federal regulation that has an economic effect of at least $100 million, spurring economic growth and reducing the burden on small businesses and families
• Institutes reasonable, work requirements on SNAP, TANF, and Medicaid to lift people out of poverty, grow the workforce, and reduce federal entitlement spending ($120.1 billion in savings
• Includes H.R. 1, the Lower Energy Costs Act to increase domestic energy production and exportation, reduce regulatory burdens, and reform permitting across all sectors of the economy ($3.4 billion in savings)