Rep. Good Fights to Slash Government Spending
WASHINGTON – As part of his series of legislation to cut government waste, U.S. Representative Bob Good (VA-05) introduced The Nickel Plan Act. The Nickel Plan would require the federal government to reduce its budget by one nickel for every dollar it spends annually over a period of five years.
“When the government spends wastefully, it makes important spending more difficult. Decades of unchecked spending have resulted in a national debt of over $28 trillion – a sum that equates to more than $224,000 of debt per taxpayer. This is a continued irresponsible confiscation of taxpayer resources, and the consequences are costly.”
“My legislation would implement a five percent reduction in discretionary and mandatory spending across the federal budget to hit the brakes on our country’s out-of-control spending. This would keep more money in the pockets of hardworking Americans. We cannot allow the current administration to put Washington elites first while placing a growing and unreasonable burden on the American taxpayer.” – U.S. Representative Bob Good (VA-05)
Full bill text HERE.
Background on spending: