WTAS: Dr. Rand Paul Introduces Six Penny Plan to Balance the Federal Budget in Five Years

WASHINGTON, D.C. – U.S. Senator Rand Paul (R-KY) has introduced the Six Penny Plan, a federal budget resolution that will balance on-budget outlays and revenues within five years by cutting six cents off every dollar projected to be spent over the next five fiscal years.

“I introduced my first Penny Plan in 2018, prior to that, a spending freeze was all it took to balance the budget in five years,” said Dr. Paul. “Today, runaway deficits and skyrocketing interest costs mean it will take a six percent reduction annually just to get us back on track. The math doesn’t lie. Either we take responsibility now, or we condemn our children and grandchildren to economic ruin.”

“This resolution would give a dose of tough medicine to deal with our nation’s budget ills, but it is medicine our nation needs. The bill does not direct any specific cuts to programs—those decisions would be made later by Congress. This plan also improves the enforcement of budget discipline and scorekeeping, including increasing the threshold for points of order and emergency legislation, as well as limiting the creation of duplicate government programs,” said David Timmons Senior Policy Manager of the National Taxpayers Union.

The Six Penny Plan is also supported by Heritage Action.

Read the Six Penny Plan HERE.

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