TPA Praises Sen. Paul’s Amendment to Debt Ceiling Legislation

For Immediate Release                                                 Contact: Abigail Graham: (202) 417-7235

June 1, 2023                                                               

WASHINGTON, D.C. – The Taxpayers Protection Alliance (TPA) announced support of Senator Rand Paul’s (R-Ky.) amendment to the Fiscal Responsibility Act to cut spending. Modeled after his “Six Penny Plan,” the amendment is a responsible approach to balancing the budget and substantively addressing the deficit and debt.

TPA appreciates Sen. Paul’s tireless commitment to bringing the federal government’s fiscal house into order.

TPA President, David Williams, offered the following statement:

“While Congress has long ignored runaway spending, the problem has gotten much worse of late. Irresponsible congressional spending must be addressed and Sen. Paul’s amendment will bring some much-needed fiscal sanity to spending.

“Sen. Rand Paul has been raising the alarm on the federal deficit and rising debt with his Penny Plan since 2017. Had Congress listened then, it would have only taken one percent cuts to have a balanced budget today and raising the debt ceiling would not be an issue. The situation has become so dire, 6 percent cuts are now required to balance the budget in a similar timeframe. Still, Senator Paul’s plan would allow Congress flexibility to address the nation’s issues by focusing on topline spending cuts and preventing the current effective blank checks issued to agencies.

“As President of Taxpayers Protection Alliance, I thank Senator Rand Paul for this commonsense solution to the balance budget and protect taxpayers.”

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Taxpayers Protection Alliance (TPA) is a non-profit, non-partisan organization dedicated to educating the public through the research, analysis and dissemination of information on the government’s effects on the economy.