WASHINGTON – Republican Study Committee (RSC) Chairman Mike Johnson (R-La.) released the following statement regarding the spending caps deal:
“As conservatives, it is our responsibility to provide fiscally sound solutions that will ensure the continued security and prosperity of our great nation. Unfortunately, the current spending deal fails to meet reasonable guidelines outlined by the RSC. Specifically, this proposal increases spending by about $2 trillion over the next decade but only provides $77 billion in offsets, about half of which appear to come from raising customs fees. No new controls are put in place to constrain runaway spending, and a two-year suspension on the debt limit simply adds fuel to the fire.
“While conservatives can appreciate the agreement’s restrictions on poison-pill riders, the price alone is far outside of what Congress should be allocating. With more than $22 trillion in debt, we simply cannot afford deals like this one. I am disappointed Democrats denied the administration even modest concessions, and I will continue to make the case for restoring fiscal sanity in the Congress. ”