TPA Applauds Senator Rand Paul’s “Six Penny Plan” To Balance the Federal Budget

For Immediate Release

Contact: Kara Zupkus, (224) 456-0257

WASHINGTON, D.C. – Recently, Sen. Rand Paul (R-Ky.) unveiled his “Six Penny Plan,” a proposal to achieve a balanced budget in five years by cutting six pennies for every dollar spent in the federal budget. In times where the deficit and ballooning national debt seems to have fallen low on Congress’ list of priorities, efforts to rein in irresponsible spending by the federal government ought to be applauded.

In response, TPA President David Williams offered the following comment:

“We commend Senator Paul’s continuing effort to bring common sense back to the table by proposing a flexible, realistic, and achievable plan to balance the budget. Unfortunately, Congress ignored his previous efforts in 2017 which would have balanced the budget without having to cut any spending. That ship has now sailed. The government needs to start tightening its belt after years of reckless and unnecessary spending.

“This plan paves a sensible way for Congress to right past wrongs and stop burdening future generations with unsustainable levels of debt. The plan provides members of Congress the flexibility of deciding what is the best way to achieve the proposed spending cuts while setting a reasonable yearly six percent reduction goal. We hope Congress steps up to make this plan a reality.

“TPA is happy to support the Six Penny Plan. Every Member of Congress should follow suit.”

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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.