Suffolk Reporter

WASHINGTON, D.C. - Today, May 31st, 2023, Rep. Nick LaLota (NY-01) released the following statement after voting YES on H.R. 3746, the bipartisan Fiscal Responsibility Act of 2023.

“The bipartisan Fiscal Responsibility Act is a first step towards addressing the nation’s debt crisis by limiting spending and reducing the deficit in exchange for raising the debt ceiling. While the bill doesn’t have everything Republicans wanted, we were able to claw back billions in unobligated COVID funds, ensure a strong military, cut bureaucratic red tape, and protect our seniors, working families, children, and Veterans,” said LaLota. “While I was disappointed my SALT amendment was not included in the final bill I will continue to fight to give tax relief to Long Island families. I urge the Senate to swiftly take up this bipartisan win for the American people and send it to the President’s desk.”

To read the full text of the legislation, click HERE.

Background:

LaLota previously voted to responsibly raise the debt ceiling and limit government spending in April. Over the weekend, LaLota issued a statement praising the bipartisan deal.

Under the Fiscal Responsibility Act, Congress will stop out-of-control spending, support our national defense and Veterans, and responsibly raise the debt ceiling.

The Fiscal Responsibility Act would:

• Stop Out-of-Control Inflationary Spending
  • Cut spending year-over-year, including a rollback of non-defense discretionary spending to FY22 levels; fully fund VA medical
  • Limit topline federal spending to 1% annual growth for the next six years
• Protect Seniors, Veterans, and Our National Security
  • Ensure full funding for critical veterans programs and national defense priorities, while preserving Social Security and Medicare
• Lift More Americans Out of Poverty
  • Enact consequential reforms to SNAP and TANF to save taxpayer dollars, get Americans back to work, and grow the economy
• Claw Back Tens of Billions in Unspent COVID Funds
  • Slash $400M from the CDC “Global Health Fund” that sends taxpayer money to the Chinese Communist Party and billions in other programs for the largest total rescissions package in history
• Rein in Executive Overreach
  • Enact into law the first-ever statutory Administrative Pay-Go to hold President Biden accountable for the full cost of executive rules and regulations, which should save taxpayers trillions
• Cut Red Tape and Streamline Energy and Infrastructure Projects
  • Accelerate projects and cut costs with the first significant reform to the National Environmental Policy Act since 1982
• Slash Funding for Biden’s New IRS Agents
  • Nix the total FY23 staffing funding request for new IRS agents
• Restart Student Loan Repayments
  • Require borrowers to be responsible for paying off their student loan debts, saving taxpayers an estimated $5B per month
• Make Congress Work Again
  • Compel a functioning appropriations process by imposing a temporary 99% CR-level cap until all 12 appropriations bills are enacted
• No New Taxes
  • Reject all of the White House’s $5 trillion in proposed new tax increases, new government mandates, and new federal programs

Original source can be found here.