Washington, D.C. – Rep. Greg Murphy, M.D. (NC-03) released a statement following tonight’s passage of the Limit, Save, Grow Act.

“Government spending is out of control and bankrupting this nation - we are crippling our grandchildren’s future, and we simply cannot afford to continue down this path of self-destruction,” said Rep. Murphy. “The Limit, Save, Grow Act will be instrumental in returning spending to responsible levels and slashing the ridiculously wasteful programs that are poisoning this country. Contrary to the Democrats' false and counterfeit claim, it will NOT cut Medicare, Social Security, or veterans’ access to healthcare. Rather, House Republicans are set on enhancing these vital programs through our pro-growth policies.”

BACKGROUND:

The Limit, Save, Grow Act of 2023 will return spending to FY22 levels, allow for 1% annual growth over the next ten years, and save taxpayers $4.8 trillion.

Notable savings include slashing unobligated COVID funds, preventing President Biden’s student loan bailout, and rescinding President Biden’s 87,000 new IRS agents.