Washington, D.C. - Rep. Randy Weber (TX-14) released the following statement after voting for H.R. 2811, the Limit, Save, Grow Act of 2023.

"For the last two years, Joe Biden has run wild with America's credit card, recklessly spending trillions of dollars to fund his woke and weaponized – not to mention wasteful – agenda," said Rep. Weber. "Our nation's monstrous debt is unsustainable, and we cannot continue down this path of fiscal insanity. Washington has a spending problem, and it is past time to cut up the credit card. With $4.8 trillion in savings, this bill will make America less dependent on the Chinese Communist Party and will curb inflation for hardworking Americans. Americans want us to cut spending and shrink the federal government, and this bill will do just that."

Background:

The Limit, Save, Grow Act would implement caps on overall discretionary budget authority through fiscal year 2033. The caps are structured to return funding for Fiscal Year (F.Y.) 2024 to F.Y. 2022 levels and allow for 1% growth annually over ten years to limit federal spending. This legislation would seek to create additional savings by rescinding unobligated COVID funding, rescinding IRS funding for an additional 87,000 new IRS agents, nullifying the Biden Administration's executive actions on student loan debt forgiveness and income-driven repayment (IDR) plans, and repeal various green energy tax credits from the Inflation Reduction Act (IRA). This legislation would seek to implement pro-growth reforms by aligning work requirements across the temporary assistance for needy families (TANF), supplemental nutrition assistance program (SNAP), and Medicaid. Additionally, the bill would enact the Regulations from the Executive in Need of Scrutiny (REINS) Act of 2023 and H.R. 1, the Lower Energy Costs Act.