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Limits Government Spending to Income
Recent Bills/Limits Government Spending to Income

Limits Government Spending to Income

IntroducedJanuary 3, 2025
Introduced1 year ago
Intro
House
Senate
Pres
Referred to the House Committee on the Judiciary.
Why This Matters

This resolution proposes an amendment to the Constitution that aims to balance the federal budget by limiting spending to what the government earns each year.

If you pay taxes, this resolution means the government cannot spend more than it earns each year.
Who this affects
taxpayers · government officials
What does this resolution do?
  1. 1This resolution proposes a rule that government spending cannot exceed its income for the year.
  2. 2It sets a cap on spending at 18 percent of the country's total economic output.
  3. 3The President must submit a budget that follows these spending limits each year.
  4. 4Any tax increases must be approved by a two-thirds majority in Congress.
  5. 5Congress can only raise the national debt limit with a three-fifths majority vote.
Read the detailed summary

This resolution provides for the House of Representatives (together with the Senate) to notify the President that a quorum of each chamber of Congress has assembled.

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedCurrentJan 3, 2025

Referred to the House Committee on the Judiciary.

Sponsors
See all 1 sponsor
House
Senate
President

The President

Joe Biden
46th President
Awaiting Vote
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