Key Vote Alert – “YES” on “Penny Plan” Balanced Budget
KEY VOTE ALERT
“Yes” on Penny Plan Balanced Budget
The Club for Growth supports Senator Rand Paul’s “Penny Plan” balanced budget and we urge all Senators to vote YES on it. A vote is expected as early as Thursday of this week. The vote will be included in the Club’s 2018 congressional scorecard.
It’s unfortunate that our country’s fiscal mess is so bad that lawmakers consider it politically safer to not pass a budget at all rather than risk passing one that upsets voters. Thankfully, Senate rules will force a debate on this issue instead of allowing Senators to stall and obfuscate.
The “Penny Plan” budget would repeal the recent Bipartisan Budget Act of 2018, which raised spending by nearly $300 billion, and then it would cut one penny for every dollar spent on the federal budget. Together, these reforms would balance the budget within five years, and then put it on a sustainable 1% growth rate going forward.
With our national debt at just over $21 trillion, and with our annual deficit reaching $1 trillion in perpetuity, this balanced budget proposal is sorely needed.
Our Congressional Scorecard for the 115th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.