Elon Musk, alongside Republican senators, is pushing for significant federal spending cuts. In a recent meeting, Sen. Rand Paul proposed a rescission package that could reclaim billions from unspent appropriations, potentially amounting to $500 billion. This idea gained traction because it requires only 51 votes in the Senate, avoiding the need for Democratic support. Musk was reportedly unaware of this legislative maneuver's existence and was excited about its possibilities. The rescission process, introduced by the Congressional Budget Act of 1974, allows for swift action on cuts without filibustering.
Musk has been leading the charge on spending cuts from the White House. Some lawmakers want to make his actions more permanent by making them law.
An infamous deficit hawk, Paul pitched Elon Musk on a massive rescission package during a lunch on Wednesday, he told reporters.
What they were talking about is an arcane procedure, called rescissions, established by the Congressional Budget Act of 1974 wherein the president can propose clawbacks of unspent current-year appropriations.
Musk 'was elated' at the idea, Sen. Josh Hawley (R-Mo.) told reporters. 'I think he didn't realize it could be done at 51.'
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