ICYMI: McIntosh & Yass OpEd – Why Biden Should Say “Yes” to Economic Growth & the Limit, Save, & Grow Act


Washington, D.C.– In case you missed it, businessman Jeff Yass and Club for Growth PAC President David McIntosh published a co-authored OpEd on Fox News arguing that by signing the Limit, Save, & Grow Act, President Biden could open the door to massive economic growth. 

Click here to read the full OpEd from Jeff Yass and David McIntosh.  


House Republicans’ debt ceiling increase bill, the Limit, Save, and Grow Act, gives President Joe Biden the means to reverse our economic woes and create $2.7 trillion in wealth in the marketplace. All the president has to do is put partisanship aside and say OK to very good legislation.  

If Biden doesn’t sign the bill or negotiate, there will be some chaos and uncertainty in the equity markets. In the end, we predict that stocks would be down 2%. Given the current $45 trillion in capitalization, the loss would be about $900 billion.

Biden’s refusal to negotiate on the debt limit is an unpopular position, according to a recent poll from WPA Intelligence, which revealed only 29% of registered voters thought Biden should not negotiate.

The swing between Biden nixing the debt ceiling increase and allowing a default, and his signing the bill with its pro-growth provision is $2.7 trillion (or roughly 6%) increase in U.S. market cap.

The benefits for most Americans are enormous. About $800 billion more in the 401(k)’s, pension funds, and other retirement accounts of Americans. The reduction of inflationary pressure from excessive deficit spending will also make the Federal Reserve’s job easier to create a pathway for eventually lowering interest rates, further spurring investment, job growth, and prosperity.

Pro-growth policies mean higher wages for everyone, more productivity, and more new job formation. Additionally, the deficit reduction will help tame historic levels of inflation that may creep up in the coming months due to energy demand increases in the early summer.

Considering U.S. growth significantly slowed in the first quarter of 2023 and the economy may be on the cusp of a recession, Biden should consider signing the Limit, Save, and Grow act to turn the economy around. Voters tend not to like recessions when they go to the ballot box.