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Mr. COLE. Mr. Speaker, the American people know in their gut that they're not taxed too little, and they also know that the Federal Government spends too much.

This bill is an important first step in restraining spending and bringing our out-of-control deficit under control. I'm very proud of our chairman, Mr. Ryan, on our committee for bringing it to the floor. I'm even prouder of the six authorizing committees that systematically did their job of reviewing nondiscretionary spending and finding real savings that we can use to reduce the deficit and protect important investments in defense.

Taming the deficit will require that we take these steps each and every year going forward. We haven't done it since 2005. It's time to do it today. Let's take a step in the right direction.

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