Washington, D.C.– Today, President Trump transmitted to Congress his proposal to rescind $15.4 billion in unobligated budget authorities from past years, as allowed for under the Congressional Budget and Impoundment Control Act of 1974. This tool was used by every president, every year, from 1974 through 2000, but has not been drawn on in over 17 years.
FreedomWorks President Adam Brandon commented:
“FreedomWorks applauds the work of the White House and President Trump in transmitting to Congress $15.4 billion in proposed rescissions. This is a step in the right direction towards cutting spending, as Republicans promise year after year to do. But, with a national debt of over $21 trillion, there is a long way to go."
"Congress should act swiftly in approving this proposal in full, as one step in an effort that does not stop there. They should work with the administration in the coming months and years to use this revived rescissions tool and other tools available to them to cut more waste, including spending in this year’s irresponsible omnibus, from every area of government.”
FreedomWorks Letter to Congress in Support of Fiscal Commision Act (H.R. 5779)