WASHINGTON, DC – House Majority Leader Steny H. Hoyer (MD) released the following statement today after the Senate passed statutory pay-as-you-go, or PAYGO, legislation. The Senate amendment was based on H.R. 2920, legislation introduced by Majority Leader Hoyer and passed by the House in July 2009:
“I applaud the Senate for taking action on a key piece of our agenda to restore fiscal balance and bring down our nation’s deficit. Passing the paygo principle into law is a needed step to ensure that this country pays for what it buys, so that we stop digging our fiscal hole deeper. I look forward to bringing this legislation to the House Floor for a vote next week.
“While I’m pleased that the Senate passed paygo, I am disappointed that no Republicans joined us in supporting this step to combat the deficits they helped create. This is legislation with a strong bipartisan history, and I hope that when it returns to the House, Republicans will vote for it.”