Social Security

Spending Cap Comes with Major Impacts 

Responding to a proposal that would established a set spending cap as a percentage of GDP is raising concerns of consumer and provider groups because of the potential impact to entitlement programs.   A proposal currently in Congress, the Commitment to American Prosperity (CAP) Act, would limit federal spending to approximately 20.6% of Gross Domestic Product and would automatically implements cuts across all federal programs in any year that projected spending exceeded that cap. Introduced by Senators Bob Corker (R, TN) and Claire McCaskill (D, MO), the bill provides a 10 year plan for pushing down spending from a