Proposing an amendment to the Constitution of the United States requiring a balanced budget for the Federal Government.
On motion to suspend the rules and pass the resolution Failed by the Yeas and Nays: (2/3 required): 211 - 207 (Roll no. 95).
Summary
The resolution would amend the Constitution to set a balanced‑budget rule for the United States, limiting total federal outlays to the average of the prior three years’ receipts after adjusting for population and inflation. It would let Congress exceed the limit only with a two‑thirds roll‑call vote, or during a declared war, and would also require a two‑thirds vote to raise any tax. The measure would take effect five years after ratification and would affect all federal spending and tax legislation.
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