House Democrats and the President have reached a deal that would raise discretionary spending caps by $320 billion over the next two years with less than a quarter in offsets. This agreement totally abandons the government’s fiscal responsibility.

Today, CCAGW president Tom Schatz urged the Congress to reject the deal.

As it is currently written, the deal would raise discretionary spending caps by $320 billion over the next two years with less than a quarter of that amount offset beginning 2028, if at all. The price to taxpayers will be another $2 trillion in deficit spending.

The Budget Control Act of 2011 (BCA) established caps to keep Washington’s runaway spending in check. This deal erases those caps and repeals the final two years of the BCA, which will cost the average American household an additional $16,463 over ten years.

Fiscally responsible Members of Congress should oppose the budget deal and force leadership to renegotiate for genuine fiscal accountability. As it stands, this deal shreds hard-fought budget constraint and will be disastrous to the nation’s fiscal sovereignty and the taxpayers.  

All votes on the budget deal will be among those considered for CCAGW’s 2019 Congressional ratings.