Proposing a balanced budget amendment to the Constitution of the United States.
Summary
House Joint Resolution 12 proposes an amendment to the U.S. Constitution that would require the federal government to balance its budget each year. Under this rule, the government could not spend more money than it collects in taxes and revenue unless three-fifths of both the House and Senate vote to allow a deficit.
For everyday citizens, this measure aims to limit the growth of national debt by requiring the President to submit balanced budgets and requiring a supermajority vote in Congress to raise the debt limit. While the bill includes exceptions for periods of war or serious military threats, its primary impact would be a stricter legal requirement for federal spending to align with incoming revenue, potentially affecting how federal programs are funded and how future tax increases are approved.
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