We are committed to changing the way Washington does business by making cuts and reforms that end the days of deficit spending. By putting our nation on a path to fiscal security, we will ensure economic prosperity and stronger job creation in America. That effort will require far more spending reductions in the months and years ahead as well as reforms to our health and retirement programs and comprehensive tax reform. The $45 billion rescissions package we have introduced takes us a step closer to putting America back on sound fiscal footing. It also makes common sense to not leave money the government has yet to spend lying around and at the whims of Washington bureaucrats.
Requiring the president's OMB director to take part in this process ensures the White House embraces its responsibility to address our nation's spending-driven debt crisis. The debate over the fiscal future cannot move forward so long as one side or the other has the incentive to stand on the sidelines. Our legislation provides an opening for meaningful, bipartisan cuts by bringing our Democrat colleagues into the conversation with a proposal many of them have already gone on the record to support.
With the debate over larger and more fundamental reform continuing, we should not miss this opportunity to take immediate action and save taxpayers $45 billion. That would send a positive signal to the American people and to investors in our economy that Democrats and Republicans can come together to take the first steps toward restoring fiscal sanity.
Senator Marco Rubio represents the State of Florida. Congressman Tom Price represents Georgia's Sixth Congressional District.