Proposing a balanced budget amendment to the Constitution of the United States.
Summary
House Joint Resolution 36 proposes an amendment to the U.S. Constitution that would require the federal government to balance its budget every year by ensuring total spending does not exceed total revenue. To enforce this, the bill would prohibit increases to the national debt limit and require a two-thirds "supermajority" vote in both the House and Senate to pass any legislation that increases federal taxes.
For everyday citizens, this measure would fundamentally change how the federal government manages its finances, likely requiring significant spending cuts or tax adjustments to eliminate annual deficits. While the amendment aims to stabilize long-term national debt, it could also limit the government’s flexibility to respond quickly to economic downturns or national emergencies through deficit spending.
AI-generated summary