On the recordApril 17, 2023
HFC put in a proposal just recently. I think this is really important. The idea is to shrink Washington and grow the country again. We proposed it in early March. The first thing is we cancel the student loan forgiveness plan which totals $609 billion. We cut the wasteful, woke, weaponized spending programs and get the Nation back on track. We eliminate Green New Deal tax credits and subsidies. I recently scored it at 350. I am told now it is $400 billion. Between those two items alone, Mr. Speaker, we are moving towards $1 trillion. We cut the IRS expansion. We already passed that out of the House. That is $80 billion. We take into account the 500 targeted reductions that we have made. Maybe we don't do all of them. Maybe we just do half of them. Maybe we do 50, 70, $85 billion worth. Then I will tell you something else, Mr. Speaker, that you have to do. You take back the COVID money that we sent out. There is about $80 billion of that that hasn't been spent. Bring that back. All of that is in the first year, and I haven't even talked about reductions. That is the rescissions. Then we start reducing, and we can make it targeted. We can do the discretionary. Guess what? We start getting to a place where we are not in the hole $100 billion per month. How about doing that for a year? How about doing that for a year? I am told that a lot of these folks don't really want to do that, and I find that hard to believe.…
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