Here are the press releases from Don Manzullo and Joe Walsh:
Rep. Walsh Votes to Cut, Cap and Balance the Budget
“Today’s vote is a historic step in the right direction …”
WASHINGTON – Today, Rep. Joe Walsh voted in support of The Cut, Cap and Balance Act, H.R. 2560. The Cut, Cap, Balance Act would make an immediate cut of $111 billion in federal spending, place a cap on future spending at 19.9% of the Gross Domestic Product, and require the passage of a Balanced Budget Amendment before raising the nation’s debt limit.
“Today’s vote is a historic step in the right direction toward putting America back on a pathway to fiscal responsibility through structurally reforming the way Washington spends hard-earned taxpayer dollars,” said Congressman Walsh. “Over the last two years Washington Democrats have turned a deaf ear to the objections of the American people, while they enacted an ideological agenda that accumulated more than $3.5 trillion dollars in new debt.”
“With the August 2nd debt ceiling deadline quickly approaching, the House passage of the Cut, Cap and Balance Act sends a clear message to the Senate and the President, that House Republicans will no longer stand for a government that spends our country into insolvency.”
“The Balanced Budget Amendment that I introduced in April is the last and most critical component of the Cut, Cap and Balance strategy. It will guarantee that the federal government never again drives us to the brink of financial collapse. It also ensures that the budget is not balanced on the backs of hard working Americans, as it would require a 2/3 super-majority in both Houses for any tax increase.
“Most importantly, this vote shows families and businesses across America that Congress is serious about reining in government, growing our economy, and freeing up the private sector to do what they do best – create jobs, guaranteeing a shining future for our great country.”
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Manzullo Votes to Cut Spending, Cap
Government Growth and Balance the Budget
(WASHINGTON) Congressman Don Manzullo (R-Egan) today voted for legislation that would immediately cut federal spending, cap government growth, and require Congress to pass a strict Balanced Budget Amendment as a prerequisite for raising the debt limit. The bill passed the House 234-190.
The Cut, Cap and Balance Act (H.R. 2560) would:
- Cut federal spending immediately, and put Congress on a path toward paying down the $14 trillion national debt;
- Cap federal spending at less than 20 percent of GDP by 2021, saving taxpayers $5.8 Trillion over the next 10 years
- Balance the Federal budget by requiring the House and Senate to pass a Balanced Budget Amendment to the Constitution before the President is given authority to increase the debt limit.
- The legislation would also require a super-majority vote by Congress to increase taxes.
The vote on the Balanced Budget Amendment is scheduled to occur in the coming days.
Over 178 groups endorse the concept of “cut, cap, and balance,” including the National Taxpayers Union, Citizens Against Government, the American Conservative Union, Freedom Works, Americans for Prosperity, and Heritage Action for America.
“This legislation applies pressure at several different levels to halt the excessive spending that is bankrupting our nation. It immediately cuts spending and caps future expenses to save taxpayers $5.8 trillion over 10 years, and it requires Congress and the President to enact a strict Balanced Budget Amendment that requires a 2/3 vote in Congress to raise taxes,” Manzullo said.
“Without these reforms and spending limitations, Congress will continue to spend recklessly, discourage our job creators, and saddle future generations with huge debt and tax liabilities that will make the American Dream the impossible dream for young Americans.”