RELEASE: Fleischmann Reintroduces Bonuses for Cost-Cutters Act
Fleischmann Reintroduces Bonuses for Cost-Cutters Act
Washington, D.C.— Congressman Chuck Fleischmann last night reintroduced the Employees Bonuses for Cost-Cutters Act. The bill creates incentives for federal agencies to find areas of savings and requires those savings to be used to pay down the national debt.
“Currently federal agencies strive to spend every cent they are allocated. In the private sector, however, employees work hard to identify ways to save the organization money and they often get rewarded for their diligence. It is time for federal agencies to do the same and return that savings to the U.S. Treasury. Our country is in immense debt and my bill presents a practical solution encouraging federal agencies to take a proactive approach to save taxpayer dollars,” said Fleischmann.
In a previous Congress the bill was supported by the National Taxpayers Union (NTU). The NTU said this about the legislation, “Empowering federal workers to be more than bystanders, as much-needed spending cuts proceed, will result in targeted savings and increased accountability throughout the federal government. As we work to get our fiscal house in order, taxpayers need more legislation like this legislation, pursuing savings large and small wherever they may be found.”
Last Congress companion legislation was sponsored by U.S. Senator Rand Paul (R-KY).