Fiscal Responsibility Act of 2023

Floor Speech

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Mr. SMITH of Nebraska. Mr. Speaker, I rise to support this legislation.

The debt ceiling is one of the best pathways to address debt and deficits. In addition to immediate spending cuts and future spending caps, this bill includes provisions to prevent IRS from auditing families and small businesses and helps get Americans back to work.

My bill with Representative Steel to rescind IRS funding was partially put into this bill. Even though we passed the entire bill by our majority in January, parts of it are in this bill, and House Republicans continue to work to protect every family and small business from IRS overreach.

This bill also modernizes TANF work requirements and ends the scheme of States sending small-dollar checks to people who are already working to artificially raise their TANF work rates. These changes will focus TANF dollars on those who need it the most and will push States to do more to connect work-capable adults with the 9.6 million job openings we have across our economy right now.

We have more to do to get our work done and our fiscal house in order. We need to ensure our economy always rewards hard work, and this bill is a great start.

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