Building a Culture of Savings

We have changed the debate in this country. Two years ago, Washington was focused on new ways to spend trillions in new programs - today, the debate has finally turned towards ways our government can get its fiscal house in order.

You elected the new House Republican majority with orders to stop Washington from spending money it doesn't have, and we listened. The jobs and savings of too many Americans are at stake for Washington to continue ducking the toughest choices.

This spring, the House passed a budget that would cut spending by trillions of dollars and encourage private-sector job creation - without raising taxes. Among its key components are tax reforms that close unfair tax loopholes, while lowering the tax rates for everyone.

Unfortunately, the Democrats who still control the Senate and the White House rejected both our budget and a House-passed "Cut, Cap, and Balance" plan that would save trillions.

The Budget Control Act, which has now been signed into law, represents a step toward fiscal sanity in Washington, but only a step. It includes roughly a trillion dollars in up front deficit reduction including real caps to restrain future spending, and no new tax increases.

Bottom line, Washington can't keep spending money it does not have. By participating in the YouCut program over the past year and a half, you were among the first Americans to take action in this cause. Together, we have made a lot of progress, but much more remains to be done.

In the weeks and months ahead, be sure to stay tuned, as there will be several unique opportunities for you to participate in the legislative process. Working together, we will change Washington's culture of spending into a culture of savings.

Regards,

Representative Eric Cantor
Majority Leader