Atlanta, GA – This week, the House is expected to vote on Speaker McCarthy’s debt ceiling proposal, the “Limit, Save, Grow Act.” This proposal ties a $1.5 trillion debt ceiling increase to long-term spending cuts. In response, TPPA Honorary Chairman Jenny Beth Martin issued the following statement:

“The tea party movement began as a protest to out-of-control government spending, and Tea Party Patriots Action has always called for fiscal responsibility. Today, with inflation out of control because of the Democrats’ record spending, our country needs significant spending cuts now more than ever.

“Giving a blank check to a debtor who ran up his or her credit limit would be irresponsible and foolhardy, which is exactly what President Biden and his Democratic cohorts in Congress want.

“Speaker McCarthy and House Republicans are looking at what is best for the American people and economy and have presented the Limit, Save, Grow Act as a compromise for the debt ceiling increase. Under this proposal, instead of a blank check debt ceiling increase, the debt ceiling will be raised for a year, with provisions attached to help improve the economy, including clawing back unspent COVID funds, defunding the hiring of 87,000 IRS agents, who, if hired, would be empowered to audit the American people, repealing the Green New Deal, and capping spending levels for 10 years.“The Limit, Save, Grow Act is a plan to get America back on the right path and will benefit the American economy as well as the American people.”