(Glenbeulah) Wisconsin Congressman Glenn Grothman this week introduced a bill that seeks to defend taxpayers and reduce spending. The Enforce the Caps Act would impose restraints on federal spending by extending the enforcement period of spending caps that were recently signed into law under the Fiscal Responsibility Act.
Grothman says Americans are fed up with reckless spending, which has contributed to our nation’s debt towering above $31-trillion-dollars and inflation rising to 40-year highs. The bipartisan Fiscal Responsibility Act of 2023 placed two years of enforceable discretionary spending caps for fiscal year 2024 and 2025, as well as four years of non-enforceable caps for 2026 through 2029.
The Enforce the Caps Act protects taxpayers by simply extending the enforcement period to apply to fiscal year 2026 through 2029.
According to the Congressional Budget Office, full enforcement of these caps would decrease outlays by $553-billion between 2026 and 2033.
