Virginia Foxx: “Yesterday, our Democratic colleagues in the Rules Committee properly notice that had the R&D bill would have…”

“Yesterday, our Democratic colleagues in the Rules Committee properly notice that had the R&D bill would have inadvertently triggered automatic cuts to other programs to offset the bill. We appreciate the spirit of comity that existed and that brought that to our attention. H. Res. 576 ensures that the bill operates the way it was intended to operate. It was an inadvertent error. Excluding this bill from the PAYGO scorecard will ensure that other programs are not affected, which is consistent with the treatment of other tax bills. I would like to point out to our colleagues on the other side of the aisle that the PAYGO amendment made by H. Res. 576 is substantially identical to section 401 of Senator Wyden's extenders bill, S. 2260, the EXPIRE Act. However, they have failed to point that out. Statutory PAYGO was created by the Democrats when they controlled Congress. Statutory PAYGO maintains a running tally of the cumulative deficit impact for bills signed into law. If the threshold is exceeded, a sequester is triggered to offset the excess. When Republicans took control of the House, we adopted a new rule known as CUTGO, which requires that any new direct spending be offset by cuts to other direct spending programs. We should reduce spending and reform our entitlement programs, Mr. Speaker.…”