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Rescission is a Good First Step Towards Fiscal Responsibility

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Washington, May 8, 2018 | Mitchell Hailstone (202-225-2815) | comments

WASHINGTON, D.C. – The Office of Management and Budget sent Congress a rescission package at 10:00am ET today. In reaction, Rep. Dave Brat, member of the House Budget Committee, released the following statement:

“I, of course, applaud any initiative to scale back spending at the federal level. I recently wrote an op-ed requesting the White House send Congress a rescission package. More good news -- this rescission package is the largest in history. I am glad this administration is trying to rectify the problem of the giant spending bill that passed Congress several weeks ago.

“But, as has become a tired refrain, anything significant will have a hard time passing Mitch McConnell’s Senate. Even though a rescission package is not subject to filibuster, we do not have enough fiscally conservative folks in the Senate to get a true win. The Senate has let it be known that they will not make any reductions to the omnibus bill whatsoever -- and the final omnibus price was $400 billion more than it should have been in order to get nine senate Democrat votes. The comparison between $15 billion in savings and $400 billion in additional spending will keep the American people from being overjoyed about this package. Deficits going forward will still be about $1 trillion a year for the next decade. I hope voters remember this and other episodes from this last year as they head to the polls in the future.

“Last, it should be pointed out that Democrats are disseminating false messaging on the rescission package. There are no cuts being made to CHIP. I can assure you that CHIP is fully funded. By law, this money cannot be spent – it can only be transferred or transformed into a slush fund in future Congresses, costing the taxpayers more money. It’s just good housekeeping.

“House Minority Whip Steny Hoyer even said back in April that he ‘wouldn’t irrationally oppose a rescission which said we have had money lying in an account that has not been spent in 1, 2, 3 years. We shouldn’t just have it sitting in that account.’ Let’s follow his advice and cut!”

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