WASHINGTON, D.C. – Tonight, Rep. Andy Harris, M.D. voted for H.R. 2560, the Cut, Cap and Balance Act. The legislation would condition a debt ceiling increase on passage of a Balanced Budget Amendment, which would contain a super-majority requirement for Congress to raise taxes, as well as a provision limiting spending as a percentage of the entire economy.
“This bill will force the government to do what hard working Maryland families and businesses do every single day: balance their budget,” said Rep. Andy Harris, M.D. “Cut, cap and balance will assure job creators that the government is serious about solving our long term spending problems.”
H.R. 2560 Quick Facts:
* Cut – In FY2012, the legislation reduces discretionary and mandatory spending by $111 billion compared to last year.
* Cap – From FY2013-2021, the legislation caps federal spending at the same levels as the House-passed FY2012 budget resolution. The cap would be just under 20% of GDP by the end of the ten-year window. This saves $5.8 trillion over ten years.
* Balance – The legislation would condition a debt ceiling increase on passage of a Balanced Budget Amendment (that contains a super-majority requirement for Congress to raise taxes, as well as a provision limiting spending as a percentage of the economy).
6 comments:
Thank you, Andy. You're keeping with your promises to listen to our wishes and are to be commended for it. Keep up the good work!
Bad decision, Andy.
Thank you Andy. Unfortunatly our Senators won't vote the same way.
Waste of time. Won't pass the senate. If it does Obama will veto.
Republicans love wasting time. They're just covering their asses for elections.
You will see same teabaggers vote on the Gang of Six plan.
Alex -
It's pretty obvious where you are coming from. I assume you are referring to "Tea Party" activists. No, the Tea Partiers will no be supporting the gang of six plan.
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