A joint resolution proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced.
Summary
This joint resolution proposes an amendment to the U.S. Constitution that would require the federal government to balance its budget each year. Under this rule, total government spending could not exceed total revenue or 18% of the U.S. Gross Domestic Product (GDP) unless two-thirds of both the House and the Senate vote to allow it.
For citizens, this measure would fundamentally change how federal fiscal policy is managed by requiring a "supermajority" (two-thirds) vote in Congress to raise the national debt limit, create new taxes, or increase existing tax rates. The amendment also grants members of Congress the legal standing to sue in federal court to enforce these spending limits, though it explicitly prohibits courts from ordering tax increases as a way to achieve a balanced budget. If passed by Congress and ratified by three-fourths of the states, this would place strict constitutional constraints on the government's ability to engage in deficit spending.