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Thursday, November 7, 2024

Smucker Statement on the Fiscal Responsibility Act

Lloyd

Cong. Lloyd Smucker | Official U.S. House headshot

Cong. Lloyd Smucker | Official U.S. House headshot

Washington, D.C.—Rep. Lloyd Smucker (PA-11) voted in favor of H.R. 3746, the Fiscal Responsibility Act. The legislation passed with a bipartisan vote of 314 to 117 and now heads to the United States Senate. Rep. Smucker released the following statement after casting his vote in favor of the legislation:

“The fiscal challenges facing our nation are great and there remains significant work to be done, but this legislation begins to put our nation on the right path. This legislation places responsible limits on the growth of government spending and pulls back billions in unspent COVID-19 pandemic funds. House Republicans are working to bring fiscal discipline back to Washington. The spending levels contained in this legislation stand in stark contrast to President Biden’s current and historic spending spree. We will spend less money in the next fiscal year than we did during the current year and that is a meaningful change.

“Addressing our nation’s dire fiscal situation requires work on both sides of the ledger, and this legislation takes steps to grow our economy. It will help lift individuals out of poverty and put them on the path to prosperity by connecting them with the best anti-poverty measure—a good job. Reforms to permitting processes will aid in domestic energy production and cut unnecessary red tape which impacts significant infrastructure projects.

“This legislation may not do everything that everyone wishes for, but it’s an important step in the right direction to change the trajectory of America’s fiscal future, while we have divided government. I wish I could vote for more than this, like what was included in the Limit, Save, Grow Act, but this legislation is most definitely an improvement on existing law. If we do nothing to curb spending, our federal debt will be nearly double the size of our nation’s economy by 2053. This bill is a start to change our fiscal trajectory and will give confidence to our creditors that we can govern by putting us on this better path.

“I remain committed to the work ahead to restore fiscal responsibility in Washington,” said Rep. Smucker.

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Issues: Budget Economy & Jobs 

Original source can be found here.

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