April 18, 2018

 Contact:, 202-224-4343


WASHINGTON, D.C. – Today, U.S. Senator Rand Paul (R-KY) introduced his own “Penny Plan” federal budget that will balance within five years by assuming the repeal of the Bipartisan Budget Act of 2018 and utilizing the “Penny Plan.” Dr. Paul’s budget includes instructions that would pave the way for the expansion of Health Savings Accounts (HSAs) to help Americans more easily cover their health care costs.

“I ran for office to put a stop to Washington’s out-of-control spending and skyrocketing debt. It’s time for conservatives to govern like conservatives, and my budget plan gives our Republican-controlled Congress a chance to prove to the American people that it is serious about getting our fiscal house in order,” said Dr. Paul

Dr. Paul’s balanced budget also reforms Congress’ reconciliation and budget processes – all without making any changes to Social Security. Senate rules allow any senator to offer a budget if Senate leadership and the Budget committee do not report out a budget by April 1. As the bill would be a privileged motion, Dr. Paul’s budget will receive a vote on the Senate floor.

You can find more background on Dr. Paul’s proposal below, and you can read the bill HERE. Earlier today, Dr. Paul held a press conference on his budget proposal, and you can watch his remarks HERE.

You can also find a full budget report HERE. This budget report is a plain-text articulation of what is included in the budget resolution. The report also provides historical context, rationales, and supporting arguments for Dr. Paul’s proposed changes, including those both inside and outside the scope of simply changing spending levels.

Dr. Rand Paul’s Balanced Budget

The BBA of 2018

Expansion of Health Savings Accounts

Reconciliation and Budget Process Reform