Update from Senator Bob Corker
July 22, 2011

Cut, Cap, and Balance

Today, Sen. Corker voted in support of H.R. 2560, the Cut, Cap, and Balance Act, which was passed by the House of Representatives earlier this week. In a party-line 51 to 46 vote, the Senate blocked further proceedings on the legislation.

“It’s disappointing the Senate wouldn’t even allow us to debate legislation that will help put our nation back on a sustainable path,” said Corker, an original co-sponsor of the Senate version of the Cut, Cap, and Balance Act. “This bill put on paper what I’ve been pushing from day one of the 112th Congress: we need spending cuts now, a long-term plan like the CAP Act to put a fiscal straitjacket on Congress, and a constitutional amendment to keep Congress from falling off the wagon as it relates to over-spending. Now, more than 814 days since the Senate passed a budget, we must put enforceable limits on all future spending in a way that encourages economic growth and demonstrates to the American people and the world that we will get our debt and deficits under control.”

On Thursday, Corker joined in a press conference lauding the legislation.

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The Cut, Cap, and Balance Act would dramatically reduce federal spending as a share of the economy over the next decade by setting enforceable limits on all annual federal spending similar to the Corker CAP Act. It would significantly reduce non-defense discretionary spending in 2012 and require passage of a balanced budget amendment to the Constitution, which Corker and all Senate Republicans have supported separately in S.J. Res 10.

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Jackson Sun Editorial: Corker right to chastise Congress for fiscal inaction