Date: February 4, 2021
Subject: Advancing a Fiscally Responsible Budget -- the "Three Penny Plan"
Description: Paul (R-KY) amendment to the congressional budget implements the "Three Penny Plan" federal budget. Under the plan, the federal budget will be balanced within five years by cutting the budget by 3 pennies on the dollar each year over the next five years, at which point spending increases are then limited to 2 percent per year. ACU supports restoring fiscal sanity to a Congress that continually grows deficit spending and has plunged our nation into nearly $30 trillion in debt.
Result: Amendment Rejected, 29-71
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