Statement on Status of Spending Deal Negotiations

Joe Kildea  |   July 19, 2019

Club for Growth has strong concerns over details of a plan to increase federal spending by hundreds of billions of dollars and suspend the debt limit through the 2020 elections. A deal is not final, but apparently the spending levels and debt limit provisions of the plan are agreed upon by the negotiators, including Treasury Secretary Steve Mnuchin, House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell.
 

“Congressional Leadership continues to aggressively pursue spending agreements that propel our country toward bankruptcy and fiscal crisis. President Trump will be running for reelection with an annual deficit over $1 trillion and without Congress having made any progress on America’s staggering national debt, which exceeds $22 trillion. Over the past several months, Club for Growth has been encouraged by fiscal conservatives in the Trump Administration working to get the deficits under control, but it is clear that too many in Congress, especially those in Leadership, have no intention of showing fiscal restraint. Speaker Pelosi has even reportedly rejected the partial spending offsets, which are really just promised future spending cuts being offered in exchange for immediate spending increases. Leader McConnell has told President Trump that nobody has lost an election by spending too much money. What a naive thought.” – David McIntosh, President, Club for Growth

 
In April Club for Growth joined FreedomWorks and other fiscal conservative groups on a letter to Republican Leadership urging them not to agree to any legislation that would breach the spending limits set in the 2011 Budget Control Act. Club for Growth has also been working with House and Senate conservatives to ensure that any spending deal must #HoldToTheCaps set in 2011. Club for Growth maintains a website with the conservatives who have spoken out in support of holding to the 2011 spending caps on the Fiscal Conservative Wall of Fame, and the group will issue a key vote alert on the spending agreement at the appropriate time.