House Budget Committee Chairman Jodey Arrington, R-Lubbock, said Monday Republicans will unite behind the party's debt ceiling proposal.
“This town and this business I’m in, politicians are rewarded for spending money,” Arrington toldRepublicans hope passing the blueprint will bring President Joe Biden to the negotiating table over the debt ceiling, which must be raised to avoid an economy-crippling default.
The Republican proposal would save about $3 trillion over 10 years, Arrington said, by capping spending at fiscal 2022 levels and allowing it to grow at just 1% annually. Arrington defended the plan as a straightforward effort to right-size a federal bureaucracy bloated by years of heavy COVID-related spending.
Some Texas Republicans have been quick to support the proposal, including Reps. Kay Granger of Fort Worth and Keith Self of McKinney.Arrington’s task of bringing his fellow Republicans together represents a culmination of his career. A Texas Panhandle native, he served under George W. Bush both when he was governor and president.
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