U.S. Sen. John Cornyn, R-Texas, a member of the Senate Finance and Budget Committees, released the following statement today regarding the non-partisan GAO report on the implementation of the American Recovery and Reinvestment Act:
“Today’s independent, non-partisan GAO report and testimony provided me, my colleagues and all Texans with our first glimpse into how the federal government is doling out hundreds of billions of taxpayer dollars in an effort to stimulate the economy. I appreciate the diligence of the GAO and that Texas was one of the states selected for closer study.
“Unfortunately, the GAO has confirmed many of the concerns I raised when my Democrat colleagues pushed to pass this legislation earlier this year. This bill was rushed into law and highly susceptible to waste, fraud and abuse. The report clearly shows that the Administration and Congressional Democrats gave little thought to the challenges of implementation when they passed the bill.
“Accountability and transparency for stimulus funds are the responsibility of the federal government. I will do all that I can to help ensure the process has adequate oversight and accountability measures in place. And if stimulus funds are wasted or misspent, I will hold the Administration responsible.”
In the report, states expressed frustration that the legislation is vague and lacks funding for oversight and accountability. Texas officials specifically voiced concerns over the lack of guidance from the federal government. Despite these challenges, our state leaders are doing the best they can with the limited guidance and input they have received from the Administration.
Sen. Cornyn opposed the stimulus and instead supported cutting taxes for everyone who files an income tax return. He believes that lower taxes would have worked faster, and put more money back into the pocketbook of working Texans. It would have also avoided these implementation problems, as demonstrated in today’s GAO report.
The complete independent, non-partisan Government Accountability Office report on the American Recovery and Reinvestment Act can be viewed here.