GROTHMAN INTRODUCES BILL TO DEFEND TAXPAYERS AND REDUCE SPENDING

Today, Congressman Glenn Grothman (WI-06) introduced the Enforce the Caps Act, which would impose restraints on federal spending by extending the enforcement period of spending caps that were recently signed into law under the Fiscal Responsibility Act through Fiscal Year (FY) 2029. This bill is endorsed by the America First Policy Institute, Americans for Prosperity, Americans for Tax Reform, FreedomWorks, the National Taxpayers Union, Heritage Action, R Street Institute, the Taxpayers Protection Alliance, and the Job Creators Network.

“Americans are fed up with reckless spending, which has contributed to our debt towering above $31 trillion and inflation rising to 40-year highs,” said Grothman. “In bipartisan fashion, Congress agreed on spending caps that are enforceable through FY25, and this legislation simply extends the tools in place to enforce those caps through FY29. The first step toward restoring fiscal sanity in the federal government is to put more guard rails in place to prevent massive, unchecked deficit spending.

“The Fiscal Responsibility Act includes sensible reforms to fight radical spending and tackle inflation, but taxpayers deserve more protection. The Enforce the Caps Act addresses Washington’s addiction to reckless spending, reduces the deficit, and takes action to secure America’s fiscal future for our children and grandchildren…”

“R Street Institute is pleased to support the Enforce the Caps Act. The Act would impose a sequester should Congress not adhere to the spending caps agreed to in the bipartisan Fiscal Responsibility Act,” said Nan Swift, Fellow of R Street Institute. “While sequestration is an imperfect tool, it is nonetheless effective and easily avoided through prudent budgeting, a modest but essential first step that will help achieve much-needed savings…”

Background Information

The bipartisan Fiscal Responsibly Act of 2023 placed two years of enforceable discretionary spending caps for FY24 and FY25 and four years of non-enforceable caps for FY26 through FY29. The Enforce the Caps Act protects taxpayers by simply extending the enforcement period to apply to FY26 through FY29.

The Enforce the Caps Act protects taxpayers by simply extending the caps imposed on FY26 through FY29 are enforceable through sequestration.

According to the CBO, full enforcement of these caps would decrease outlays by $553 billion between 2026 and 2033.

This bill has eleven cosponsors, including Representatives Brian Babin (R-TX), Andy Barr (R-KY), Bob Good (R-VA), Marjorie Taylor Greene (R-GA), Andy Harris (R-MD), Dusty Johnson (R-SD), Doug LaMalfa (R-CA), Mary Miller (R-IL), Ralph Norman (R-SC), David Rouzer (R-NC), and George Santos (R-NY).