Skip to main content

Rep. Good Fights to Slash Government Spending

April 30, 2021

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:  

  • Since 2018, over $9 trillion has been added to the national debt under House Democrats' watch. That's more than the combined deficits under all previous 72 years of Republican House majorities.  
  • Now, President Biden is leading the Democrat charge towards fiscal insolvency by proposing a radical trillion-dollar spending package, designed to reshape America 
  • President Biden's recent skinny budget proposal has a 16% average proposed increase across non-national security departments' spending. 
  • Many of these same agencies that would receive increased funding have already received billions in "COVID Emergency Funding" alone.