Congressman Bob Good (VA-05) is kicking off the 118th Congress with a series of legislation cracking down on government spending and the size of the government: The Nickel Plan, Less Is More Resolution, Article I Regulatory Budget Act, and the All Economic Regulations Are Transparent (ALERT) Act.
“When the government spends wastefully, it makes important budgetary decisions more difficult,” said Congressman Good. “Decades of unchecked spending and an out-of-control bureaucracy has resulted in a staggering national debt of over $31 trillion. The Biden Administration continues recklessly wasting taxpayer dollars with no regard for the consequences. That is why I continue to stand up and fight to protect the hard-earned dollars of taxpayers in Virginia and across the country. The last thing families and small business owners in Virginia need is Washington bureaucrats telling them how to live their lives or Washington politicians causing more inflation. That is why I am introducing legislation to limit spending and curb the federal government’s power.”
The Nickel Plan
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.
“America is facing both an inflation crisis and a debt crisis, and they’re both being caused by Washington’s insatiable addiction to spending. While inflation hovers around 7% and our national debt reaches beyond $30 trillion, the time for action is now. Fortunately, Congressman Good has introduced the “Nickel Plan”, which would cut wasteful spending and put the United States on a path to achieving a balanced budget. The American people deserve serious action, thankfully Congressman Good is stepping up to the plate.” - Ryan Walker, Vice President of Government Relations, Heritage Action
“2022 saw record inflation as our national debt soared above $31 trillion. Americans are feeling the painful consequences of fiscally irresponsible governance. It’s now more important than ever to rein in Washington and slash out-of-control spending. Rep. Bob Good’s Less is More Act, and Nickel Plan Act hold Congress accountable and shrink the size and scope of onerous government programs.” – Adam Brandon, FreedomWorks, President
Cosponsors (2): Rep. Scott Perry (R-PA), Rep. Barry Moore (R-AL)
Supporters: Heritage Action, FreedomWorks
Less Is More Resolution
The Less Is More Resolution amends the rules of the House to reduce the size and scope of government by limiting the number and cost of federal programs. It does so by requiring Members of Congress to cut two programs for every new one they introduce.
“2022 saw record inflation as our national debt soared above $31 trillion. Americans are feeling the painful consequences of fiscally irresponsible governance. It’s now more important than ever to rein in Washington and slash out-of-control spending. Rep. Bob Good’s Less is More Act, and Nickel Plan Act hold Congress accountable and shrink the size and scope of onerous government programs.” – Adam Brandon, FreedomWorks, President
Cosponsors (6): Rep. Thomas Massie (R-KY), Rep. Andy Biggs (R-AZ), Rep. Scott Perry (R-PA), Rep. Mary Miller (R-IL), Rep. Barry Moore (R-AL), Rep. Michael Cloud (R-TX)
Supporters: FreedomWorks
Article I Regulatory Budget Act
The Article 1 Regulatory Budget Act would require a regulatory budget detailing regulatory costs similar to the annual budget for taxes and government spending.
Cosponsors (3): Rep. Nancy Mace (R-SC), Rep. Mary Miller (R-IL), Rep. Barry Moore (R-AL)
All Economic Regulations Are Transparent (ALERT) Act
The ALERT Act would require a monthly update from executive agencies with detailed information about any rules that they are working on.
Cosponsors (3): Rep. Tom McClintock (R-CA), Rep. Mary Miller (R-IL), Rep. Barry Moore (R-AL)
Supporters: Competitive Enterprise Institute
