Congresswoman Tenney Supports Legislation to Limit Wasteful Spending and Grow our Economy

Washington, DC – Congresswoman Claudia Tenney (NY-24) today released the following statement following the passage of H.R. 2811, the Limit, Save, Grow Act of 2023. This bill responsibly addresses the debt ceiling while limiting wasteful spending, saving taxpayer dollars, and growing our economy.
 
This legislation passed the House by a vote of 217-215.
 
“Americans are facing an economic crisis due to persistently high inflation, rising interest rates, and debt at unsustainable levels. Instead of politicizing the impending debt limit predicament, Democrats should prioritize responsible spending and work with House Republicans on a long-term solution to reduce reckless spending, save taxpayer money, and grow our economy,” said Congresswoman Tenney. “The Limit, Save, Grow Act addresses the current debt limit crisis while prioritizing responsible spending on bipartisan priorities. It will lead to trillions in taxpayer savings over the next decade and enacts critical reforms that will enhance our economic prosperity. President Joe Biden’s refusal to participate in negotiations is yet another example of his irresponsible and colossally failed leadership. It's time for President Biden to come to the negotiating table and work with House Republicans on a path forward to economic stability and growth.”
 
Specifically, the Limit, Save, Grow Act of 2023 will:

• Lead to over $3.6 trillion in taxpayer savings over the next decade;
• Limit future spending increases to 1% annually;
• Reclaim $60 billion in unspent COVID funds;
• Restore commonsense work requirements for federal assistance programs to ensure individuals who can work seek employment opportunities;
• Prohibit $465 billion from being wasted on Joe Biden’s student loan giveaway, which bypassed Congress and overwhelmingly supports wealthy Americans;
• Defund Biden’s new army of IRS auditors and protect middle-class Americans from a weaponized bureaucracy;
• Repeal “Green New Deal” run-away spending and save taxpayers approximately $1.2 trillion; and
• Maintain critical investments in bipartisan priorities through the appropriations process.

Read the full text of the bill here.

  
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